Tokenized money market fund issuer Spiko has raised $90 million in a Series B round led by venture capital firm New Enterprise Associates (NEA), according to The Block. The new round brings the company’s total funding to $120 million. Spiko said it currently manages $2.7 billion in assets and operates across more than 25 jurisdictions. The company plans to use the fresh capital to launch new fund products, expand into additional markets, and grow its team. The fundraising marks a new capital milestone for the issuer as it scales its tokenized fund business across a broader geographic footprint.
Tokenized money market fund issuer Spiko has completed a $90 million Series B round led by venture capital firm New Enterprise Associates (NEA), according to The Block.
Following the financing, Spiko’s total funding has reached $120 million. The company currently has $2.7 billion in assets under management and operates across more than 25 jurisdictions.
Spiko said it plans to use the proceeds from the round to launch new fund products, enter more markets, and expand its team.
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