Spiko Raises $90 Million to Expand Tokenized Cash Funds

Spiko, a tokenized cash fund issuer, raised $90 million in a Series B round, bringing its total capital to $120 million and expanding its assets under management to $2.7 billion.

Why it matters. Spiko's expansion into new markets and products will affect financial companies and businesses using tokenized cash funds, potentially reshaping the financial services industry.