October 2026 Spiko We've raised $90M to make cash earn for everyone Big news: Spiko has raised a $90 million Series B, led by New Enterprise Associates (NEA). Just over two years after we launched our first funds, it's a major milestone for the whole team.

Spiko’s raise is visible first to its current users and prospective customers, because the company tied the financing to expanding its tokenized cash fund business into new markets. That matters today as the product line is already described as reaching $2.7 billion in assets, which puts more attention on where those funds are available next.

In practice, the financing changes what Spiko can pursue next: the company said it is moving to expand its tokenized cash funds beyond its existing footprint, while one report specifically named Europe as part of that plan. What stays the same is that the business is still centered on tokenized cash funds, not a different product category.

Still unknown is how far the expansion goes and which markets come first, since the available coverage only says new markets and Europe without setting a full rollout schedule. It also does not say how the broader market will respond beyond one report’s description of competition with established cash-fund players. (per cryptobriefing.com)

The move was larger before the first headline than after. That is an observation, not an explanation: the market also moves on things nobody publishes.