Observed Signal · Oct 6, 2026 · Market Signal · Source: White Star Capital · Impact: 2/5
Tokenized cash startup Spiko raises $90m to take on US giants
London and Paris-based Spiko is now valued at $800 million following a Series B funding round led by New Enterprise Associates.
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Spiko Raises $90M Series B Led by NEA
Spiko, a provider of tokenised cash funds, has raised $90 million in a Series B funding round led by New Enterprise Associates (NEA), bringing its total funding to $120 million. The round also included participation from Index Ventures, Speedinvest, White Star Capital, and angel investors. Spiko aims to broaden access to yield on cash, targeting the $50 trillion in cash and deposits held in Europe and the US. The company offers regulated cash funds with instant withdrawals, accessible via app and API. It claims to be the world's largest issuer of tokenised cash funds, ahead of BlackRock and Franklin Templeton. The funds are issued onchain, enabling programmatic treasury management. Spiko plans to use the funding to launch new funds, enter new markets, and expand its team across Europe.
Data 2.0 and the research era of AI data
Announcing Snorkel’s $350M Series E financing at a $3.5B valuation, led by Insight and S32, with participation from Third Point, March, Blumberg, Allegis, Standard VC, Frontline, and existing investors Addition, Lightspeed, Greylock, GV, P7, Wells Fargo, Walden Catalyst Ventures, and Factory.
S&P Global Leads Strategic Investment in Kaiko, Deepening Commitment to Digital Assets and On-chain Markets
S&P Global has made a strategic investment in Kaiko, a digital asset data provider, to deepen its commitment to digital assets and on-chain markets. This move aligns with S&P Global's expansion into digital asset indices and data services.
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