Key Takeaways
- • Spiko's tokenized money market funds reached a $3 billion market cap by October 21, 2026, up 536% over the past year, according to Crypto Briefing.
- • Stellar hosts $1.9 billion of Spiko's funds, while Arbitrum holds $669 million, with smaller amounts spread across Ethereum and other chains.
- • Spiko closed a $90 million Series B led by NEA on October 6, 2026, bringing total funding to $120 million at an $800 million valuation.
- • The funds are issued under French UCITS rules, invest mostly in Eurozone and US Treasury bills, and are managed alongside Amundi with custody through CACEIS and BNP Paribas.
- • The platform serves more than 10,000 businesses and individuals across more than 25 jurisdictions, and Spiko plans to expand into Germany, Italy, Spain, and the Nordics.
Summary
Spiko's tokenized funds have reached a $3 billion market capitalization, up 536% in a single year, according to Crypto Briefing. The company, founded in 2023, issues regulated tokenized money market funds in which investors hold a blockchain token representing fund shares rather than a line item at a traditional transfer agent. The underlying assets are mostly Eurozone and US Treasury bills.
The product lineup includes T-bill-backed funds and swap-based products managed alongside Amundi. All products operate under French UCITS rules, Europe's main framework for regulated retail investment funds. The funds offer daily liquidity and accrue yield, and Spiko maintains its regulatory structure through partnerships with custodians CACEIS and BNP Paribas.
Assets under management grew from $400 million in July 2025 to over $1 billion in February 2026 and $2 billion in July 2026. The figure stood at $2.7 billion on October 6, 2026, and reached approximately $3 billion by October 21, 2026. The final month alone added about $374 million, a gain of 14.07%.
On October 6, 2026, Spiko closed a $90 million Series B led by NEA, bringing total funding to $120 million at an $800 million valuation. The platform now serves more than 10,000 businesses and individuals across more than 25 jurisdictions.
By chain, Stellar carries the bulk of the assets with $1.9 billion, far ahead of any other network, while Arbitrum, the Ethereum layer-2 network, holds $669 million. Spiko plans to launch new funds and expand into European markets including Germany, Italy, Spain, and the Nordics.
The product lineup includes T-bill-backed funds and swap-based products managed alongside Amundi. All products operate under French UCITS rules, Europe's main framework for regulated retail investment funds. The funds offer daily liquidity and accrue yield, and Spiko maintains its regulatory structure through partnerships with custodians CACEIS and BNP Paribas.
Assets under management grew from $400 million in July 2025 to over $1 billion in February 2026 and $2 billion in July 2026. The figure stood at $2.7 billion on October 6, 2026, and reached approximately $3 billion by October 21, 2026. The final month alone added about $374 million, a gain of 14.07%.
On October 6, 2026, Spiko closed a $90 million Series B led by NEA, bringing total funding to $120 million at an $800 million valuation. The platform now serves more than 10,000 businesses and individuals across more than 25 jurisdictions.
By chain, Stellar carries the bulk of the assets with $1.9 billion, far ahead of any other network, while Arbitrum, the Ethereum layer-2 network, holds $669 million. Spiko plans to launch new funds and expand into European markets including Germany, Italy, Spain, and the Nordics.
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