Spiko

French tokenized money market fund startup Spiko has raised $90 million to expand its regulated on-chain cash products and compete with major US players in the fast-growing tokenization space. The funding round, reported by Bloomberg, signals growing investor appetite for startups bringing money market funds onto blockchain rails as financial institutions increasingly explore tokenized cash equivalents.

Venture firm NEA led a $90 million Series B funding round for Spiko, a provider of tokenised cash funds, bringing the company's total funding to $120 million. The investment will support Spiko's effort to expand access to cash yield, reflecting continued investor interest in tokenised financial products.