Tokenized cash fund issuer Spiko said it has closed a $90 million Series B financing round, with New Enterprise Associates (NEA) leading the deal. The company said the new round brings its total funding to $120 million. Spiko focuses on tokenized cash fund products and said its business now spans more than 25 jurisdictions. It also reported $2.7 billion in assets under management. According to the company, the fresh capital will be used to launch additional fund products, expand into new markets, and grow its team. The announcement was reported by Odaily.
Tokenized cash fund issuer Spiko has completed a $90 million Series B round led by New Enterprise Associates (NEA), according to Odaily.
The company said the financing brings its total funding to $120 million. Spiko mainly offers tokenized cash fund products, and its business now covers more than 25 jurisdictions. It also reported $2.7 billion in assets under management.
Spiko said it plans to use the proceeds to launch more fund products, enter new markets, and expand its team.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
