Spiko raises $90M to challenge BlackRock in tokenized cash funds
- —The $90 million Series B was led by NEA, bringing total funding to about $120 million
- —Spiko's AUM reached $2.6–2.7 billion as of late September 2026
- —Its funds are UCITS-compliant and operate under AMF oversight
- —A partnership with Fipto lets investors enter funds directly from EURC and USDC
Why it matters: Growth in tokenized money market funds intensifies competition with BlackRock and accelerates traditional capital inflows onto blockchains.
Source: Crypto Briefing