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.

Datavault AI (NASDAQ: DVLT) has laid out its strategic priorities for the third quarter of 2026, centered on three tracks: commercializing its Project Qestrel token program, expanding its SanQtum edge AI infrastructure, and advancing a cluster of tokenized data-exchange platforms that depend on U.S. digital-asset rules taking shape.

The token program

The centerpiece is the Qestrel token ($QEST), tied to a roughly $10 billion, ten-phase nationwide edge infrastructure buildout with a partner called Available Infrastructure. Datavault AI says the $1 billion phase-one deployment and an initial token offering are targeted for completion this quarter, with the company providing tokenization, clearing, valuation, and exchange services under contract and generating revenue from that work.