Key Takeaways
- • Spiko, a London and Paris-based tokenized money-market fund platform, raised $90 million in Series B funding led by New Enterprise Associates (NEA), bringing total funding to $120 million and valuing the company at $800 million.
- • Assets under management surged to $2.7 billion, representing more than 5x growth over the past 12 months, with the platform now serving over 10,000 clients across 25+ countries.
- • The round included participation from Index Ventures, Bpifrance, Speedinvest, Flourish Ventures, and nine other institutional investors, plus angel backing from Axel Weber (former Bundesbank president) and Qonto founders.
- • Spiko operates the largest range of tokenized treasury funds globally by count, surpassing BlackRock and Franklin Templeton, offering multi-currency access (EUR, USD, GBP, CHF) with instant withdrawals and on-chain settlement.
- • Capital will fund product expansion into new cash and fixed-term instruments, geographic expansion across European markets, and team growth to capitalize on institutional demand for yield-bearing, programmable treasury solutions.
Summary
Spiko, a fintech platform specializing in tokenized money-market funds, announced a $90 million Series B round led by New Enterprise Associates, elevating the company's total capital raised to $120 million. The funding values the company at $800 million and reflects strong momentum in the tokenized real-world asset (RWA) market as institutional treasurers seek yield on cash holdings while maintaining instant liquidity.
The financing consortium included substantial backing from prominent European and global investors: Index Ventures, Bpifrance (France's national investment bank), Speedinvest, Flourish Ventures, Shapers, White Star Capital, Blockwall, Frst, EQNX, Mirana Ventures, and Wintermute Ventures. Notably, the round attracted high-profile angel investors including Axel Weber, former president of Germany's Bundesbank, and the founding team of Qonto, a French corporate banking platform, signaling institutional confidence in tokenized treasury infrastructure.
Spiko's growth metrics underscore the platform's market traction. Assets under management reached $2.7 billion, representing a more than fivefold increase over the preceding 12 months. The platform serves over 10,000 clients—ranging from startups and scale-ups to medical practices, research institutes, public institutions, and venture capital funds—across 25 countries. The company designs and distributes its own regulated cash funds in EUR, USD, GBP, and CHF, with instant withdrawal capability and on-chain share recording that enables programmable settlement and API integration with corporate treasury systems and AI agents.
According to data from RWA.xyz cited by Spiko, the platform operates the largest range of tokenized funds for treasury globally by number of products, ahead of incumbents including BlackRock and Franklin Templeton. This positioning highlights the competitive advantage of fintech entrants in packaging institutional-grade yield vehicles with blockchain settlement infrastructure tailored to modern corporate finance workflows.
Spiko intends to deploy Series B proceeds toward launching new cash and fixed-term products, expanding into additional European markets beyond its current footprint, and scaling its team. The capital raise reflects investor confidence in tokenized treasury platforms as essential infrastructure in the emerging on-chain finance ecosystem.
The financing consortium included substantial backing from prominent European and global investors: Index Ventures, Bpifrance (France's national investment bank), Speedinvest, Flourish Ventures, Shapers, White Star Capital, Blockwall, Frst, EQNX, Mirana Ventures, and Wintermute Ventures. Notably, the round attracted high-profile angel investors including Axel Weber, former president of Germany's Bundesbank, and the founding team of Qonto, a French corporate banking platform, signaling institutional confidence in tokenized treasury infrastructure.
Spiko's growth metrics underscore the platform's market traction. Assets under management reached $2.7 billion, representing a more than fivefold increase over the preceding 12 months. The platform serves over 10,000 clients—ranging from startups and scale-ups to medical practices, research institutes, public institutions, and venture capital funds—across 25 countries. The company designs and distributes its own regulated cash funds in EUR, USD, GBP, and CHF, with instant withdrawal capability and on-chain share recording that enables programmable settlement and API integration with corporate treasury systems and AI agents.
According to data from RWA.xyz cited by Spiko, the platform operates the largest range of tokenized funds for treasury globally by number of products, ahead of incumbents including BlackRock and Franklin Templeton. This positioning highlights the competitive advantage of fintech entrants in packaging institutional-grade yield vehicles with blockchain settlement infrastructure tailored to modern corporate finance workflows.
Spiko intends to deploy Series B proceeds toward launching new cash and fixed-term products, expanding into additional European markets beyond its current footprint, and scaling its team. The capital raise reflects investor confidence in tokenized treasury platforms as essential infrastructure in the emerging on-chain finance ecosystem.
Go deeper than the headline
Research every firm in this story, track the ones that matter and get the daily briefing — free for 7 days.