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      Spiko completes $90 million Series B round, tokenized cash fund AUM reaches $2.7 billion

      PANews, October 6 - According to The Block, tokenized cash fund issuer Spiko announced the completion of a $90 million Series B funding round led by New Enterprise Associates (NEA), bringing the company's total funding to $120 million.

      Spiko said its tokenized cash fund business now covers more than 25 jurisdictions, with assets under management (AUM) reaching $2.7 billion.

      The company plans to use the funding to launch more fund products, expand into new markets, and grow its team, further advancing the on-chain development of traditional financial assets.


      Source: PANews
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