Spiko, a startup focused on tokenized cash funds, has raised $90 million in new funding, according to a Techub News brief citing Crypto Briefing. The company said it aims to challenge traditional financial giants including BlackRock and reshape the cash fund market. The report said the fundraising reflects a shift in market interest around blockchain-based finance, with attention moving toward use cases that compete more directly with traditional asset management. Spiko plans to use the capital for platform development and market expansion. No further details on the financing structure, investors, or timeline were disclosed in the source brief.
Spiko, a startup focused on tokenized cash funds, has completed a $90 million funding round, according to a Techub News brief that cited Crypto Briefing.
The company plans to challenge traditional financial heavyweights including BlackRock and reshape the cash fund market. The report said the move points to growing interest in blockchain finance applications that target the traditional asset management business more directly. Spiko said the fresh capital will be used for platform development and market expansion.
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