Asset management

Spiko raises $90 million in Series B round led by NEA

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.

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Spiko

26 days agoNews Editor

Spiko closes $90 million Series B led by NEA, total funding reaches $120 million

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.

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Spiko

26 days agoNews Editor

Spiko raises $90 million to target tokenized cash fund market

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.

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BlackRock

29 days agoNews Editor

BlackRock and Ondo launch tokenized onchain portfolio strategy product

BlackRock has partnered with Ondo Finance to roll out Intelligent Portfolios, a structure that packages fully built investment strategies into a single onchain token. The initial lineup includes three portfolios focused on income, diversified growth, and aggressive growth, allowing investors to gain exposure to an entire basket through one token instead of buying and rebalancing each underlying asset separately. The model goes beyond tokenizing individual stocks, bonds, or funds by putting the portfolio itself, along with its asset-allocation strategy, onchain. According to the report cited by Odaily and sourced to CoinDesk, the tokens may later be transferable across wallets and platforms and could be used as collateral for lending or connected to other onchain financial products. Pantera described the shift as a move from "single securities" to "onchain portfolios." Lisa O'Connor, BlackRock's head of global model portfolio solutions, said tokenization is creating a new way to deliver portfolio strategies through digital infrastructure. Broadridge data showed that assets managed in traditional model portfolios stood at about $9.8 trillion as of June this year.

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WisdomTree

1 months agoNews Editor

WisdomTree confirms native deployment of tokenized RWA fund on Arbitrum

Asset manager WisdomTree said on Sept. 30 that it has natively deployed a tokenized real-world asset, or RWA, fund on Arbitrum. The update points to another case of a traditional finance firm using blockchain infrastructure for asset management products. According to the item carried by Techub News and attributed to NewsBTC, the move is part of WisdomTree’s broader strategy to integrate digital asset services into a wider institutional framework. The report also described the deployment as an important step toward delivering asset management services on-chain with greater scalability and transparency. It added that ongoing technology upgrades remain important for maintaining user confidence and market stability. As institutional participation accelerates across global markets, the event was presented as a notable precedent for the sector.

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R25

2 months agoNews Editor

R25 opens public beta for R25 Studio, cutting fund setup time to 10 minutes

R25 said on Tuesday that R25 Studio, the core product built on its 2 architecture, has entered public beta. The platform is designed around the idea that anyone can become an asset manager, opening up institutional-grade fund creation, operations, and distribution tools to a broader group of users. According to the announcement, R25 Studio turns legal documentation, back-office systems, and compliance procedures into configurable smart contracts, reducing the time needed to launch a fund from several months to 10 minutes. The product is structured around four functions — Build, Manage, Earn, and Distribute — and covers Vault creation, subscriptions and redemptions, investment management, fee generation, and distribution. Asset managers can set investment parameters, management fees, and performance fees on-chain, issue dedicated Vault Tokens or Shares, and list Vaults through channels including Dapp and Topnod. The platform also provides performance metrics such as NAV, APY, cumulative return, and maximum drawdown. R25 added that Axil had previously launched a private credit Vault on R25 during phase 1, with TVL surpassing $130 million. Registration for the first batch of lead managers is now open.

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Payward

2 months agoNews Editor

Payward, Kraken’s parent, is spending billions to build financial infrastructure beyond crypto trading

Payward, the Wyoming-based parent company of Kraken, is reshaping itself from the owner of a crypto exchange into a broader financial infrastructure platform. In an interview with CoinDesk, co-CEO Arjun Sethi said the company is unifying trading, banking, asset management and institutional services on a single stack built around what he called “one ledger,” with one balance sheet and one regulatory framework. Over the past two years, Payward has spent billions on acquisitions and strategic expansion, including its $1.5 billion purchase of NinjaTrader and a $550 million deal for Bitnomial, while also pursuing more banking capacity in the U.S. and Europe. The company says Kraken now has about 6.6 million funded accounts and between $40 billion and $50 billion in assets across more than 190 countries and territories. Payward is adding cards, lending, derivatives, tokenized equities and products that let customers borrow against holdings or use them in DeFi applications. At the same time, it is opening its infrastructure to outside firms through Payward Services, which Sethi said is already being used by at least 25 companies expected to launch products this year. Payward is also working with major incumbents rather than trying to replace them outright. Nasdaq agreed this month to invest $100 million and expand collaboration on equity tokens and surveillance technology, while the London Stock Exchange is exploring tokenized public equities with the firm. Sethi said Payward remains profitable, does not need an IPO to fund operations and is in no rush to go public, with a listing not expected before the second quarter of 2027 at the earliest.

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Binance

2 months agoNews Editor

Binance launches Agent OS for configurable AI agent trading permissions

Binance has introduced Agent OS, an operating system for AI agents that lets users set access permissions across several account functions. According to Techub, the system allows users to configure what an AI agent can access in areas including market data, wallets, portfolios, and trading. It also supports automated workflows, approval mechanisms for large-value actions, and payments between agents. Binance said Agent OS is designed to help users automate cryptocurrency asset management through customizable permission rules and built-in safeguards. The stated goal is to give users more control over how AI agents operate while keeping transactions secure. The announcement centers on access control and operational safety, framing Agent OS as a tool for structured automation rather than unrestricted execution.

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