Paris Fintech Secures $90 Million to Challenge Traditional Asset Managers

Disrupting the Status Quo of Cash Management

Spiko, a Paris-based fintech startup, has successfully raised $90 million in a Series B funding round. The investment, led by NEA, closed on October 6, 2026. This fresh capital aims to accelerate the company’s growth as it competes with global giants like BlackRock in the tokenized money market fund sector.

The three-year-old firm focuses on the lucrative but often overlooked niche of corporate cash management. By utilizing blockchain technology, Spiko offers digital versions of traditional money market funds. This approach allows institutional investors to park their excess capital in a more efficient, transparent, and liquid environment than traditional banking systems provide.

The startup has already seen significant traction, reaching over $2.6 billion in assets under management. This rapid growth highlights a shifting preference among institutional players for decentralized finance solutions. Spiko’s platform streamlines the process of earning interest on cash reserves, removing many of the administrative hurdles found in legacy finance.

Can Blockchain Technology Outperform Wall Street Giants?

By tokenizing these funds, the company provides a bridge between traditional treasury management and the digital asset ecosystem. Investors can move in and out of positions with greater speed. This flexibility is a key selling point for firms looking to optimize their balance sheets in a high-interest-rate environment.

The primary challenge for Spiko is taking market share from established financial institutions that have dominated the sector for decades. While BlackRock and other major firms are also exploring tokenization, Spiko argues its specialized focus gives it a competitive edge. The new funding will be used to expand its technical infrastructure and reach a wider global audience.

Industry analysts view this $90 million raise as a major vote of confidence in the future of on-chain finance. As more corporations seek to diversify their holdings, the demand for tokenized cash products is expected to rise. Spiko’s success suggests that the transition from traditional ledgers to blockchain-based systems is gaining momentum among serious financial players.

Frequently Asked Questions

What is a tokenized money market fund? A tokenized money market fund is a digital representation of a traditional low-risk investment vehicle. It uses blockchain technology to record ownership and transactions, allowing for faster settlement and increased transparency compared to standard bank-managed funds.

Who led the latest investment round for Spiko? The $90 million Series B funding round was led by the venture capital firm NEA. This investment follows Spiko's rapid growth to more than $2.6 billion in assets under management within just three years of its founding.

Why are companies moving cash to blockchain platforms? Corporations are attracted to these platforms because they offer higher efficiency and 24/7 liquidity. Tokenization allows for automated management of cash reserves, which can reduce costs and provide better visibility into real-time asset performance.