Spiko raises $90 million to expand tokenized cash funds across markets

Spiko Secures $90 Million to Scale Tokenized Cash Funds

In a move that underscores the growing appetite for tokenized investment vehicles, Spiko announced a $90 million Series B round. The capital injection will help the company expand its already sizable $2.7 billion tokenized cash fund portfolio and push into new markets.

What Are Tokenized Cash Funds?

Tokenized cash funds are digital representations of traditional cash‑managed investment products. By issuing tokens on a blockchain, Spiko allows investors to trade shares of a cash‑managed portfolio with the speed, transparency, and liquidity that only a distributed ledger can provide. The underlying assets remain conventional cash‑equivalents, but the token layer adds a layer of programmability and fractional ownership.

How the $90 Million Will Be Used

Spiko’s leadership outlined three key priorities for the new capital:

1. Geographic Expansion – The firm plans to launch tokenized cash funds in markets beyond its current North American focus, targeting Europe and Asia‑Pacific regions where regulatory frameworks are increasingly receptive to digital asset structures.
2. Technology Scaling – Investment in infrastructure will support higher transaction volumes, improve settlement times, and enhance the user experience for both retail and institutional clients.
3. Product Development – Spiko intends to diversify its product suite, adding new fund categories such as fixed‑income tokenized funds and hybrid cash‑equity structures.

The company’s existing $2.7 billion in assets under management (AUM) reflects strong demand for tokenized cash solutions. With the new funding, Spiko aims to double its AUM within the next 18 months.

Market Context and Competitive Landscape

Tokenization has moved from niche experimentation to mainstream adoption. Several fintech and asset‑management firms are now offering tokenized alternatives to traditional mutual funds, ETFs, and private placements. Spiko’s focus on cash funds positions it uniquely, as cash‑equivalent products are often the most liquid and least volatile, making them attractive to risk‑averse investors.

The Series B round also signals confidence from institutional investors who see tokenization as a way to unlock liquidity and reduce friction in capital markets. By leveraging blockchain technology, Spiko can offer near‑real‑time settlement and lower custodial costs compared to conventional cash funds.

Looking Ahead

Spiko’s expansion strategy hinges on navigating regulatory environments in new jurisdictions. The firm has already engaged with local regulators to ensure compliance with securities and anti‑money‑laundering (AML) standards. Successful approvals will be critical to achieving the company’s growth targets.

In addition, Spiko plans to partner with leading custodians and clearinghouses to streamline operations. These collaborations will help maintain the high standards of security and transparency that investors expect from tokenized products.

Bottom Line

With $90 million in Series B funding, Spiko is poised to accelerate its tokenized cash fund business, broaden its geographic reach, and deepen its product offerings. The move reflects a broader trend toward digitizing traditional investment vehicles, offering investors greater liquidity and operational efficiency.

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Practical Takeaway – If you’re an investor or asset manager looking to explore tokenized cash products, Spiko’s recent funding round signals a maturing market and increased liquidity options.

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TL;DR – Spiko raised $90 million to scale its $2.7 billion tokenized cash fund business and expand into new markets, reflecting growing institutional interest in blockchain‑enabled investment vehicles.