NEA leads Spiko’s $90M Series B for tokenised cash yield

Spiko has raised $90 million in a Series B round led by New Enterprise Associates (NEA), bringing its total funding to $120 million. The company did not disclose valuation or other participating investors.

The round follows a string of recent Series B deals, including Namespace’s $42 million raise in early October and Flam’s $40 million round last month. Spiko’s focus on tokenised cash funds positions it in a segment where blockchain-based solutions aim to address liquidity and accessibility for investors.

The space has attracted attention amid discussions about the potential of tokenisation, though adoption and regulatory frameworks remain evolving. Spiko’s funding round may reflect broader interest in exploring how such models could integrate with traditional financial systems, though details on its traction or revenue are not available.

NEA’s participation adds to its history of backing fintech ventures. The size of the round stands out compared to other recent Series B raises, suggesting significant investor interest in the segment, though the competitive landscape and pace of adoption remain uncertain.

How demand for these products will develop beyond early interest is yet to be seen. For now, the $90 million raise underscores the ongoing exploration of tokenised cash solutions.

Sources: tech.eu