Spiko Raises $90M as Its Tokenized Cash Funds Hit $2.7B

Spiko, the Paris and London-based issuer of tokenized money market funds, has raised a $90M Series B led by NEA, with Index Ventures, Bpifrance, Speedinvest and Wintermute Ventures participating. Former Bundesbank president Axel Weber joined as an angel. Total funding now stands at $120M.

Spiko manages $2.7B across funds in euros, dollars, sterling and Swiss francs, used by 10,000+ businesses and individuals in 25+ jurisdictions. Spiko says its tokenized cash-fund range is now larger than BlackRock's and Franklin Templeton's, per RWA.xyz data.

The funds are regulated, issued on public blockchains and programmable: a company can set rules to move spare cash into a fund automatically while keeping enough on hand for payroll.

🔗 theblock.co/news/business/2026-10-06-spiko-raises-90-million-to-expand-tokenized-cash-funds-across-markets-417774

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