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
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.