Tokenized money market fund issuer Spiko closes $90 million Series B funding round led by NEA

According to The Block, tokenized money market fund issuer Spiko announced the completion of a $90 million Series B funding round led by venture capital firm NEA. Following this round, Spiko’s cumulative funding has reached $120 million. Currently, Spiko’s assets under management (AUM) stand at $2.7 billion, with operations spanning more than 25 jurisdictions. The company plans to use the proceeds from this round to launch new fund products, expand into additional markets, and scale its team.