Tokenized money market fund issuer Spiko has closed a $90 million Series B round, according to a report cited by BlockBeats from The Block. The financing was led by venture capital firm New Enterprise Associates, or NEA. Following the round, Spiko’s total funding has reached $120 million. The company also disclosed that its assets under management now stand at $2.7 billion and that its business spans more than 25 jurisdictions. Spiko said it plans to use the new capital to launch additional fund products, expand into more markets, and grow its team. The announcement adds fresh funding momentum to the tokenized fund segment, with Spiko outlining both its current scale and its next operational priorities in the same update.
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 a report by The Block cited by BlockBeats on Oct. 6.
After the financing, Spiko’s total funding has reached $120 million. The company said its assets under management (AUM) now stand at $2.7 billion, with operations covering more than 25 jurisdictions.
Spiko said it plans to use the proceeds from the round to launch new fund products, expand into additional markets, and increase headcount.
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