Crypto infrastructure, distilled to impact.
Show Notes
## Short Segments
Spiko secures $90 million to expand its tokenized cash funds across new markets. Today, we're diving into Spiko's ambitious plans to scale its $2.7 billion tokenized cash fund business, thanks to a fresh $90 million Series B funding round led by New Enterprise Associates. This capital injection will enable Spiko to launch new cash funds, enter additional markets, and expand its European team. The move highlights the growing interest in tokenized financial products, which aim to make cash programmable and generate yield continuously. For Spiko, this funding round marks a significant milestone just over two years after launching its first funds. As the company gears up to broaden its reach, the expansion could reshape how investors access and benefit from cash yields globally. With this new funding, Spiko is poised to enhance its platform, making it a key player in the evolving landscape of tokenized finance.
## Feature Story
Brevan Howard deepens its partnership with Ripple Prime for multi-asset brokerage, clearing, and financing. In a significant development for institutional digital-asset infrastructure, Brevan Howard, a leading global alternative investment manager, is expanding its use of Ripple Prime's services. This move builds on an existing relationship that began with Brevan Howard's investment in Ripple and participation in its $500 million strategic funding round last year. Under the new agreement, Ripple Prime will provide multi-asset prime brokerage, clearing, and financing services to Brevan Howard's funds, which manage approximately $35 billion in assets. This expansion reflects a growing demand from top-tier investment managers for robust digital-asset infrastructure. Ripple, known for its blockchain solutions across traditional and digital finance, is strengthening its position in the institutional market with this partnership. By offering comprehensive services like prime brokerage, Ripple Prime aims to streamline operations for Brevan Howard, enhancing efficiency and potentially reducing costs. The partnership underscores the increasing integration of blockchain technology in traditional finance, as firms like Brevan Howard seek to leverage digital assets for strategic advantage. For Ripple, this collaboration is a testament to its expanding influence in the financial sector, particularly among institutional players. The ability to offer multi-asset services positions Ripple Prime as a versatile partner for investment managers navigating the complexities of digital and traditional asset management. As the partnership unfolds, it could set a precedent for other investment firms considering similar integrations, further blurring the lines between traditional finance and blockchain technology. Looking ahead, the success of this partnership could encourage more investment managers to explore digital-asset infrastructure, potentially accelerating the adoption of blockchain solutions in the financial industry. For Brevan Howard, the enhanced capabilities provided by Ripple Prime could offer a competitive edge in managing its diverse portfolio. As the landscape of finance continues to evolve, the collaboration between Ripple and Brevan Howard exemplifies the potential for innovation at the intersection of traditional and digital finance.
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