## Spiko raises $90M Series B to scale tokenized cash funds

kolo getvariationalnadoOct 6, 2026, 16:32 UTC

The raise

Paris- and London-based Spiko raised a $90M Series B led by NEA, first reported by Bloomberg on Oct 6, 2026 and confirmed by Spiko on X.

Total funding: $120M — per Spiko
Valuation: $800M post-money — per CEO Paul-Adrien Hyppolite in interview, per Bloomberg
Other backers: Index Ventures, Bpifrance, Speedinvest, White Star Capital, Wintermute Ventures, plus Flourish Ventures, Shapers, Blockwall, Frst, EQNX, Mirana Ventures — per Spiko; angels incl. ex-Bundesbank president Axel Weber and Qonto founders
Use of proceeds: new products, new markets, hires — building local teams across Europe (Germany, Nordics, Italy, Spain, Netherlands) — per Spiko

The business — tokenized money-market / cash funds

Scale claimed: $2.7B under management, 10,000+ businesses and individuals in 25+ countries/jurisdictions, up >5x in 12 months; Spiko's own X post on raise day says "nearly $3B" growing "15%+ a month"
Products: Smart Cash (day-to-day treasury) in Euro, Dollar, Pound, Swiss Franc, plus Government Money Market Funds / Spiko T-Bills for regulated uses like client-fund segregation — per Spiko
Backing: euro and US T-bills / risk-free assets; UCITS-approved, MiFID investment firm, bankruptcy-remote, with Amundi, PwC, CACEIS, Crédit Agricole / BNP Paribas as partners — per Spiko homepage
Onchain + programmable: fund shares recorded on public blockchains (same rails as stablecoins); instant withdrawals today, real-time interest accrual coming; rules via API / TMS / AI agents — e.g. auto-sweep spare cash, auto-withdraw for payroll — per Spiko
Rating: S&P Global Ratings AAAf / S1+ (highest on both scales) for eurSAFO, the euro share class — per Spiko on X
Competitive claim: Spiko says its tokenized cash-fund range is now larger than BlackRock's and Franklin Templeton's, citing RWA.xyz data.

The $2.7B AUM and customer figures are company-reported figures repeated in launch coverage; independent RWA.xyz pages checked did not expose Spiko-specific totals to verify them against.

Ask your own

Case file

kolo get

variational

nado

Answered Oct 6, 2026, 16:32 UTC

Sources 5

Spikospiko.io
Bloombergbloomberg.com
Spiko on Xx.com
per Spiko homepagespiko.io
per Spiko on Xx.com

Research trace 20

Latest posts of @variational_io
Latest posts of @nadoHQ
Latest posts of @Spiko_finance
The page www.spiko.io
The page get.kolo.xyz
The page www.okx.com
The page waitlist.arcus.xyz
The page theblock.co
The supplied Spiko announcement and founder post establish the round and the intended product direction. Next, check independent reporting and current fund data for corroboration of the $2.7B scale and the claim that Spiko’s tokenized cash-fund range exceeds named competitors.
The company’s announcement and Bloomberg independently establish the $90M Series B, total funding, and reported $800M valuation. Next, verify what Spiko means by its $2.7B business and its comparative scale using current fund-specific records and the company’s own product description.
Spiko’s own announcement and the Bloomberg report confirm the $90M Series B, $120M total funding, and reported $800M valuation. The available RWA.xyz page does not show Spiko-specific figures, so next check the article and the company’s current statements for fund size, customers, markets, and product mechanics.
The earlier findings confirm the Series B and Spiko’s stated product direction, but the detailed announcement text is needed to explain the fund structure, scale, and intended use of proceeds. Retrieve the company’s primary announcement and its launch post.
Spiko’s announcement sets out its fund products, programmable features, participating investors, and use of proceeds. Check the announcement for its full explanation and whether its reported scale and user reach are stated there.
The existing findings establish the $90M Series B, the $120M total raised and Spiko’s stated direction. Independent coverage and Spiko’s product materials can clarify the reported valuation, fund structure, and what the $2.7B scale represents.
The supplied material and Spiko’s announcement establish the $90M raise and planned product direction. Check independent coverage and current fund data to corroborate the reported $2.7B scale and comparison with BlackRock and Franklin Templeton.
The primary announcement and Bloomberg confirm the $90M round, while the supplied article excerpt gives the $2.7B scale and user reach. Check another current source for Spiko’s fund size and business details to distinguish reported company figures from independently verified assets.
The supplied material and Spiko’s announcement establish the $90M Series B, total funding of $120M, and the product’s programmable treasury direction. This step checks whether current fund records independently support the reported $2.7B scale and the comparison with BlackRock and Franklin Templeton.
The company’s announcement and Bloomberg reporting confirm the round and planned treasury features. The supplied report says assets reached $2.7B, but the available RWA.xyz pages have not exposed Spiko-specific totals; check Spiko’s own product pages and independent reporting for the business scale and fund structure.
The supplied announcement and Spiko’s own materials establish the $90M round and describe tokenized cash funds with programmable treasury features. Check fresh independent coverage for the reported $2.7B fund scale and customer reach, since the available RWA.xyz pages did not provide Spiko-specific figures.
Sufficient primary and independent sources gathered to answer raise and business