Spiko raised a $90.0M Series B led by New Enterprise Associates (NEA), a follow-on round bringing its total funding to $120M, with participation from Index Ventures, Speedinvest, White Star Capital and angels including the founders of Qonto and former Bundesbank president Axel Weber. The company, which claims to be the world's largest issuer of tokenised cash funds ahead of BlackRock and Franklin Templeton, targets the ~$50 trillion in cash and deposits held in Europe and the US and serves clients including startups, scaleups, research institutes, public institutions, VC funds and medical practices with regulated, onchain funds available in euro, US dollar, sterling and Swiss franc offering instant withdrawals. It will use the funding to launch additional funds, enter new markets and expand its team beyond its Paris and London hubs into Germany, Italy, Spain, the Netherlands and the Nordics.