Crypto startup Spiko has announced a $90 million Series B funding round to expand its $2.7 billion tokenized cash fund business, with plans to push into new markets.
A fresh $90 million against a business already managing $2.7 billion — that ratio is the number worth pausing on in Spiko's latest Series B round.
Spiko has announced the completion of a $90 million Series B funding round, with the capital earmarked to expand its tokenized cash fund business, which currently stands at $2.7 billion. The company also stated it plans to extend its reach into new markets.
Put simply, a tokenized cash fund takes traditional money market funds or cash-equivalent assets and wraps them into on-chain tokens, allowing capital to circulate and settle across blockchain networks. With $2.7 billion under management, Spiko has clearly already built up a solid customer base and asset scale in this space. The size of this funding round itself isn't particularly large — it looks more like a move to expand on an existing foundation rather than capital injected to start from scratch.
Publicly available information does not yet disclose the lead investor or full list of participants in this round, nor has Spiko revealed the specific new markets it plans to enter.
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