Spiko is a tokenization platform to issue, manage and distribute securities on distributed ledger technologies. The first securities tokenized through Spiko are the fully-licensed tokenized money market funds, accessible via any Web3 wallet compatible with the Ethereum virtual machine.
Arbitrum disclosed that three tokenized funds under Spiko ranked among the top in market cap growth on Arbitrum One over the past 30 days.
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.