French fintech company Spiko has raised $22 million in a Series A funding round led by Index Ventures, with participation from White Star Capital, Blockwall VC, First VC, Bpifrance, Rerail, and Zcabrams. Specializing in tokenized money market funds backed by short-term Treasury Bills, Spiko has already collected over 350 million euros from around 1,000 clients. The company plans to expand its offerings and increase hiring. Spiko's European Union Treasury Bills Money Market Fund, which invests in Treasury Bills from major Eurozone countries like Germany and France with maturities under six months, has surpassed Circle's EURC in on-chain assets under management. The firm has tokenized over $146 million in assets on the Polygon blockchain and is experiencing rapid growth, particularly on the Arbitrum One network. Index Ventures, the lead investor, is known for backing prominent fintech companies such as Revolut, Robinhood, and Adyen.