Spiko Raises $90 Million to Expand Tokenized Cash Funds
Spiko has secured $90 million in a Series B funding round to scale its $2.7 billion tokenized cash fund business.
Tokenized cash fund provider Spiko has raised $90 million in a Series B funding round, according to TheBlock. The new capital will be used to scale its $2.7 billion tokenized cash fund business and expand its operations into new markets.
Expansion Plans
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The funding marks a major milestone for the firm as it looks to broaden its footprint in the real-world asset tokenization sector. Spiko's core business revolves around tokenized cash funds, which currently manage $2.7 billion in assets.
Key facts
- Spiko raised $90 million in Series B funding according to TheBlock
- The capital will scale its $2.7 billion tokenized cash fund business
- Funds will support expansion into new markets
Source: theblock.co
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