Spiko raises $90M as its tokenized funds hit $2.7B

cryptonews10-06 20:00

Spiko has raised $90 million in a Series B led by New Enterprise Associates after assets across its tokenized cash funds climbed to $2.7 billion, with the company planning new products and expansion ...

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We’ve raised a $90M Series B led by @NEA to make cash earn for everyone, around the clock.$50T of cash in Europe and the US earns next to nothing. Every point of missed yield costs $500B a year.10,000+ users now hold nearly $3B in Spiko funds, up 15%+ a month.Next: interest…Paul-Adrien Hyppolite, Spiko’s co-founder and CEO, described the company’s long-term objective as making cash generate yield “by default, around the clock.” Continuous hourly yield accrual is not yet available across its funds. Spiko said it plans to introduce that feature ","collect":0,"end_time":0,"defaultTopTitle":"crypto.news","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU1670627923.USD":"M&G (LUX) NORTH AMERICAN DIVIDEND \"A\" (USD) ACC","BK4533":"AQR资本管理(全球第二大对冲基金)","IE00B3PB1722.GBP":"GUINNESS GLOBAL EQUITY INCOME \"C\" (GBP) INC","LU2264538146.SGD":"Fullerton Lux Funds - Global Absolute Alpha A Acc SGD","IE00BDGV0183.EUR":"GUINNESS GLOBAL EQUITY INCOME \"C\" (EUR) INC","FDFF":"Fidelity Disruptive Finance ETF","IE00B42XCP33.USD":"GUINNESS GLOBAL EQUITY INCOME \"C\" (USD) INC","LU0731783394.SGD":"Fidelity Global Dividend A-MINCOME(G)-SGD","LU1201861249.SGD":"Natixis Harris Associates US Equity PA SGD-H","LU0208291251.USD":"FRANKLIN MUTUAL U.S. VALUE \"A\" (USD) INC","BK4535":"淡马锡持仓","LU0130102774.USD":"Natixis Harris Associates US Equity RA USD","LU0640476718.USD":"THREADNEEDLE (LUX) US CONTRARIAN CORE EQ \"AU\" (USD) ACC","LU0070302665.USD":"FRANKLIN MUTUAL U.S. VALUE \"A\" (USD) ACC","BK4504":"桥水持仓","LU0980610538.SGD":"Natixis Harris Associates US Equity RA SGD-H","BK4135":"资产管理与托管银行","LU0772969993.USD":"FIDELITY GLOBAL DIVIDEND \"A\" (USD) ACC","LU1280957306.USD":"THREADNEEDLE (LUX) US CONTRARIAN CORE EQUITIES \"AUP\" (USD) INC","LU0648001328.SGD":"Natixis Harris Associates US Equity RA SGD","BK4588":"碎股","IE00BVYPNV92.GBP":"GUINNESS GLOBAL EQUITY INCOME \"C\" (GBP) ACC","LU1291159041.SGD":"CPR Invest - Global Silver Age A2 Acc SGD-H","LU2430703095.HKD":"WELLINGTON MULTI-ASSET HIGH INCOME \"AM4\" (HKD) INC","LU2592432038.USD":"WELLINGTON MULTI-ASSET HIGH INCOME \"A\" (USD) ACC","LU1989771016.USD":"东方汇理环球老龄化投资基金 A2 Acc","LU1064131342.USD":"Fullerton Lux Funds - Global Absolute Alpha A Acc USD","LU1481011911.USD":"FIDELITY GLOBAL DIVIDEND \"A\" (USDHDG) INC","IE00BGHQF631.EUR":"GUINNESS GLOBAL EQUITY INCOME \"C\" (EUR) ACC","LU2430703178.SGD":"WELLINGTON MULTI-ASSET HIGH INCOME \"AM4H\" (SGDHDG) INC","LU1074936037.SGD":"JPMorgan Funds - US Value A (acc) SGD","LU1988902786.USD":"FULLERTON LUX FUNDS GLOBAL ABSOLUTE ALPHA \"I\" (USD) ACC","LU1670628061.USD":"M&G (LUX) NORTH AMERICAN DIVIDEND \"A\" (USD) INC","IE00BVYPNW00.USD":"GUINNESS GLOBAL EQUITY INCOME \"C\" (USD) ACC","LU0731783048.USD":"FIDELITY GLOBAL DIVIDEND \"A\" (USD) INC MONTHLY (G)","LU0320765489.SGD":"FTIF - Franklin Mutual US Value A Acc SGD","LU2430703251.USD":"WELLINGTON MULTI-ASSET HIGH INCOME \"AM4\" (USD) INC","LU1509826696.USD":"FIDELITY GLOBAL DIVIDEND \"A\" (USD) INC B","IE00B64PRP62.GBP":"GUINNESS GLOBAL MONEY MANAGERS \"C\" (GBP) ACC","TKNQ":"Amplify Tokenization Technology ETF","LU1366333091.USD":"FIDELITY GLOBAL FOCUS \"A\" (USD) ACC","BK4581":"高盛持仓","IE00B3QW5Z07.USD":"GUINNESS GLOBAL MONEY MANAGERS \"C\" (USD) ACC","BLK":"贝莱德","LU0742537680.HKD":"FIDELITY GLOBAL DIVIDEND \"A \" (HKD) INC","LU1599440770.SGD":"FIDELITY GLOBAL DIVIDEND \"A\" (SGDHDG) INC","LU2505996681.GBP":"WELLINGTON MULTI-ASSET HIGH INCOME \"AM4H\" (GBPHDG) INC","IE00BGHQF748.EUR":"GUINNESS GLOBAL MONEY MANAGERS \"C\" (EUR) ACC","BK4585":"ETF&股票定投概念","BK4534":"瑞士信贷持仓"},"translate_title":"Spiko 筹集 9000 万美元，其代币化基金达到 $2.7B","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"FDFF":0.6,"TKNQ":1.5,"BLK":0.9},"content_text":"Spiko has raised $90 million in a Series B led by New Enterprise Associates after assets across its tokenized cash funds climbed to $2.7 billion, with the company planning new products and expansion across Europe.\n\n\nSummary\n\n\n\nSpiko raised $90M in Series B funding led by NEA, lifting total funding to $120M.\nAssets under management reached $2.7 billion after growing more than fivefold during the twelve months.\nMore than 10,000 businesses and individuals use Spiko funds across over 25 jurisdictions, it says.\nThe new capital will fund additional products, market expansion, and hiring across several European countries.\nSpiko funds operate on public blockchains and cover euros, dollars, sterling, and Swiss francs.\n\n\n\nSpiko said on Oct. 6 that the financing lifts its total funding to $120 million. Index Ventures, Bpifrance, Speedinvest, Flourish Ventures, White Star Capital, Blockwall, Frst, EQNX, Mirana Ventures and Wintermute Ventures participated alongside other investors. Former Bundesbank President Axel Weber and the founders of Qonto joined as angel investors.\nThe London- and Paris-based company said its assets under management have grown more than fivefold during the past 12 months. More than 10,000 businesses and individuals across over 25 jurisdictions now use its funds directly or through financial platforms that integrate Spiko’s products.\nSpiko will use the $90M to expand beyond existing markets\nSpiko plans to spend the new capital on three areas: launching funds, entering markets and hiring staff. Its European expansion includes local teams in Germany, Italy, Spain, the Netherlands and the Nordic countries.\n\nWe’ve raised a $90M Series B led by @NEA to make cash earn for everyone, around the clock.$50T of cash in Europe and the US earns next to nothing. Every point of missed yield costs $500B a year.10,000+ users now hold nearly $3B in Spiko funds, up 15%+ a month.Next: interest… pic.twitter.com/iy8INBXQMe— Spiko (@Spiko_finance) October 6, 2026\n\nThe company already runs regulated cash funds covering euros, U.S. dollars, British pounds and Swiss francs. Customers can reach the products through Spiko’s desktop and mobile applications, while banks, fintechs and other financial platforms can connect through an API.\nIts customer base ranges from startups and larger technology companies to research institutes, venture capital funds, public bodies and medical practices, according to the funding announcement. Spiko has built the service around corporate cash that businesses do not immediately need for payroll, suppliers and operating expenses.\nPaul-Adrien Hyppolite, Spiko’s co-founder and CEO, described the company’s long-term objective as making cash generate yield “by default, around the clock.” Continuous hourly yield accrual is not yet available across its funds. Spiko said it plans to introduce that feature as it develops the platform.\nCurrent withdrawal options vary by product and currency. Spiko’s technical documentation states that instant bank withdrawals are currently available for certain euro-denominated products, with transfers of up to €500,000 per day supported through SEPA Instant. Other redemptions follow the relevant fund’s standard settlement cycle.\nTokenized cash funds let Spiko automate company treasuries\nSpiko issues shares in its funds on public blockchains, allowing the ownership records to sit on the same type of infrastructure used by stablecoins and smart contracts.\nThe structure lets companies set automated treasury rules through Spiko’s API. A business can keep a set amount of cash available for bills, direct excess balances into a cash fund and allocate money that will not be needed immediately into longer-duration products.\nSpiko’s flagship UCITS products are authorized by France’s Autorité des Marchés Financiers. Its documentation states that the funds can be distributed in France and in European Economic Area countries where the relevant share classes have been registered.\nThe company launched its original euro and U.S. dollar Treasury-bill funds in 2024. Shares were issued as blockchain tokens, while the funds themselves invested in government bills and remained subject to conventional fund regulation.\nAs previously reported in crypto.news coverage of Spiko’s Chainlink integration, the company later adopted Chainlink CCIP to make its tokenized money-market fund shares transferable across supported blockchain networks.\nAt the time of that July 2025 integration, the products held more than $380 million. Spiko’s latest $2.7 billion figure indicates a substantial increase since then, although the number covers its current range of regulated cash funds instead of only the two Treasury-bill products involved in the original Chainlink deployment.\nSpiko says its assets now exceed rival tokenized cash funds\nSpiko said it is now the world’s largest issuer of tokenized cash funds, citing RWA.xyz data, and claimed its combined assets rank ahead of comparable products from BlackRock and Franklin Templeton. The comparison applies specifically to tokenized cash funds and does not refer to the firms’ total assets under management.\nBlackRock and Franklin Templeton remain major participants in tokenized money-market and Treasury products. In related crypto.news coverage explaining tokenized money-market funds, products such as BlackRock’s BUIDL and Franklin Templeton’s BENJI were among the largest established blockchain-based cash products during 2026.\nCompetition has grown during the year. BlackRock launched two more tokenized money-market products in August, including structures designed to hold cash, short-term U.S. Treasuries and Treasury-backed overnight repurchase agreements, as previously reported in crypto.news coverage of BlackRock’s tokenized fund expansion.\nFranklin Templeton has been expanding how institutions can use its BENJI fund. In September, crypto.news reported that BENJI became available as off-exchange collateral for eligible Bybit institutional customers, allowing fund shares to support USDT or USDC trading credit lines while remaining outside the exchange.\nSpiko has followed a comparable path of making its fund shares usable outside simple cash investment. Its 2025 integration with Morpho and Société Générale-Forge allowed eligible investors to pledge EUTBL and USTBL shares as collateral to borrow stablecoins without first redeeming their money-market holdings. Spiko said the arrangement provided 24/7 access to stablecoin liquidity.\nAmundi partnership helped push Spiko past $1B in one fund\nA major part of Spiko’s expansion came through its work with Amundi.\nThe companies launched the Spiko Amundi Overnight Swap Fund, or SAFO, in March. The product offers share classes denominated in dollars, euros, pounds and Swiss francs and tracks overnight rates for the relevant currencies. Spiko’s product documentation states that Amundi Asset Management manages the investment strategy.\nBy July, Spiko said SAFO had passed $1 billion in assets and attracted more than 6,500 users within roughly four months of launch. The company subsequently extended its stablecoin borrowing feature to SAFO shares.\nAs previously reported in crypto.news coverage of Amundi and Spiko’s Solana fund deployment, the fund was extended to Solana in May as part of a multichain strategy. Spiko serves as the transfer agent and tokenization platform, while CACEIS handles depositary and fund-administration functions.\nSpiko’s funding announcement said its current $2.7 billion is spread across regulated products in four currencies and multiple public blockchains. The company did not provide a fund-by-fund breakdown of the entire $2.7 billion in the Series B announcement.\nNEA Managing Director and Head of Europe Philip Chopin said the venture firm had examined “dozens of companies” working on parts of the same market before investing. His claim that Spiko has solved both the regulatory and product sides of tokenized cash management represents the investor’s assessment of the company, not an independent industry finding.\nSpiko’s next expansion will focus on new fund launches, additional markets and hiring. The company has not disclosed which new countries or investment products will launch first, nor has it given a timetable for introducing the planned continuous, hourly yield accrual across its cash products.\n\n\n\n\n\n                Read more:\n            \n\n                Best altcoins to buy in October 2026: Five tokens to track","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":false,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"isLaohu8Offline":false,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.50.1","shortVersion":"4.50.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2673565710","isCrawlerRequest":true}