Spiko has raised $90 million in a Series B led by NEA (New Enterprise Associates). The Paris company runs regulated money market funds whose shareholder register lives on public blockchains, and it now manages $2.7 billion in them, more than five times what it had a year ago. Most of that money arrived in the last twelve months.

Index Ventures, which led the Series A, came back for more. Bpifrance, Speedinvest, White Star Capital, Flourish Ventures and Wintermute Ventures are in the round as well, along with an angel whose name carries weight in Frankfurt and Zurich: Axel Weber, the former Bundesbank president who went on to chair UBS for ten years. Spiko has raised about $120 million since it was founded in 2023.