Spiko Raises $90M to Expand Tokenized Cash Funds
Spiko has raised $90 million in a Series B funding round led by New Enterprise Associates, taking its total funding to $120 million. The tokenized cash-fund company will use the capital to launch more regulated funds and expand across Germany, Italy, Spain, the Netherlands and the Nordic region.
Spiko reported $2.7 billion in assets under management across funds denominated in euros, US dollars, pounds and Swiss francs. Its assets have increased more than fivefold in the past year. More than 10,000 businesses and individuals in over 25 jurisdictions use Spiko products directly or through financial platforms connected to its API.
Spiko’s tokenized cash funds are issued on public blockchains while using regulated UCITS structures. The company also manages the registry, transfer-agent and net asset value infrastructure for the funds. Its products have been used in blockchain lending and collateral arrangements involving Chainlink, Morpho and Société Générale-Forge. Spiko plans to develop hourly yield accrual, but has not provided a launch timetable for new funds or the feature.
The financing strengthens Spiko’s position in the tokenized money-market sector, but it does not directly change the supply or demand dynamics of major cryptocurrencies. Traders should view the announcement as a long-term adoption signal for blockchain-based financial infrastructure rather than an immediate price catalyst.
Neutral
The funding round is positive for Spiko and the wider tokenized-asset sector, but it has no direct effect on the supply, demand or network activity of a specific major cryptocurrency. Chainlink and Morpho are cited as infrastructure or integration partners, yet the announcement does not disclose new token demand, revenue sharing or protocol activity that would support an immediate price move.
In the short term, traders may give limited attention to the news because private-company fundraising typically has a weaker effect than token listings, protocol launches or liquidity changes. Any reaction in LINK or MORPHO would likely depend on separate market conditions and confirmation of increased usage.
Over the longer term, Spiko’s rapid asset growth, regulated UCITS structure and European expansion could support broader institutional adoption of tokenized funds and blockchain settlement. That may create indirect benefits for related infrastructure projects, but the impact remains uncertain and is unlikely to alter overall crypto-market stability on its own.