London- and Paris-based tokenized cash startup Spiko raised a $90M Series B at an $800M valuation, taking its total funding to $120M, and hits ~$2.7B in AUM (Ryan Weeks/Bloomberg)

Spiko’s rapid funding and $2.7B in assets under management signal that tokenized cash is moving from a niche crypto concept toward a credible treasury and liquidity product with enterprise appeal. For CIOs and technology leaders, the strategic implication is that blockchain-based cash and settlement platforms may start to compete with traditional money-market and short-duration cash instruments, creating new options for yield, speed, and operational efficiency but also raising new requirements around custody, compliance, risk controls, and systems integration.