Fintech · 7 October 2026
Spiko Raises $90m to Scale Tokenised Cash Funds
Paris-based fintech Spiko has secured $90 million in funding to expand its blockchain-based money market fund products, signalling growing investor confidence in tokenised cash instruments at scale.
What happened
Paris-based fintech Spiko has raised $90 million in new funding to scale its tokenised cash funds, according to FinTech Global. The company offers blockchain-based money market fund products, and the capital will be used to expand this offering further.
Why it matters
Tokenisation — representing traditional financial instruments such as money market funds on a blockchain — is moving from pilot projects to commercially backed, well-funded products. A raise of this size signals growing investor confidence that tokenised cash instruments can operate at scale, offering faster settlement, broader accessibility and more granular ownership than conventional fund structures typically allow.
For institutions managing treasury, payments or digital-asset strategies, this is a marker of how quickly the infrastructure layer of finance is modernising. Where previously tokenisation discussions centred on experimentation, funding rounds of this scale suggest the market is now treating tokenised fund products as a viable, investable category rather than a niche innovation.
The Renascence take
Headlines about tokenisation tend to focus on the technology — blockchain rails, settlement speed, fractional units — and skip past the experience question that actually determines adoption: will treasurers, CFOs and everyday savers trust and use these products the way they trust a bank statement or a traditional fund platform today?
The real test for tokenised cash funds isn't technical feasibility — it's behavioural trust. Money is the ultimate high-stakes product: people and institutions move slowly when it comes to parking cash, however efficient the underlying rails. Operators scaling tokenised fund products should treat transparency, familiar reporting and frictionless redemption as the real differentiators, not the blockchain itself. The winners in this category will be the ones who make tokenisation invisible to the end user, not the ones who make it the headline feature.
Sources
This briefing was written by our Newsdesk, synthesising reporting from the outlets below. Follow the links for the original coverage.
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