Tokenized Treasury Platform Spiko Secures $90M Funding Round
Spiko, a blockchain-based treasury management startup, completed a Series B funding round at an $800 million valuation to support its expansion into European markets. The company has grown its managed assets to $2.7 billion and plans to enhance its digital asset custody and payment infrastructure. The new capital will accelerate the scaling of its tokenized cash fund offerings across the region.
Spiko's latest financing milestone reflects growing institutional confidence in blockchain-based financial infrastructure. The $800 million post-money valuation underscores investor appetite for digital asset platforms addressing treasury operations, a traditionally conservative sector increasingly exploring tokenization solutions. The company's asset base has expanded significantly, positioning it as a meaningful player in the emerging market for blockchain-native financial services.
The expansion into Europe suggests a broader shift toward geographic diversification in the digital finance sector. By targeting custody and payment capabilities alongside tokenized cash offerings, Spiko addresses multiple infrastructure gaps that have historically limited blockchain adoption among institutional clients managing large capital pools.
Spiko's growth could reshape how institutional investors and corporations manage treasury functions, potentially reducing settlement times and intermediary costs. The influx of capital into tokenized finance infrastructure may accelerate broader adoption of blockchain-based settlement systems among traditional financial institutions. However, regulatory clarity in European markets and custody standards will likely determine whether this segment achieves meaningful scale, potentially affecting banking relationships and treasury workflows across industries managing substantial liquid assets.