Spiko raises $90M Series B led by NEA for tokenised cash funds

Spiko, which issues tokenised cash funds, has raised $90 million in a Series B round led by New Enterprise Associates, bringing total funding to $120 million. The company says it is now the world's largest issuer of tokenised cash funds, ahead of BlackRock and Franklin Templeton.

• The $90M Series B was led by NEA, with Index Ventures and Speedinvest participating
• Spiko's total funding now stands at $120 million
• Funds are available in euro, US dollar, sterling and Swiss franc
• Company claims top spot among tokenised cash fund issuers