Tokenized cash fund issuer Spiko has completed a $90 million Series B funding round led by New Enterprise Associates (NEA), bringing the company's total capital raised to $120 million. The firm reported that its tokenized cash fund business now spans over 25 jurisdictions, with assets under management reaching $2.7 billion.
Spiko plans to deploy the new capital to launch additional fund products, expand into new markets, and grow its team. The investment aims to accelerate the on-chain development of traditional financial assets as the company scales its global operations.
Spiko Raises $90M Series B as Tokenized Cash Fund AUM Hits $2.7B
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