French fintech Spiko has raised $22 million in a Series A round led by Index Ventures, with participation from White Star Capital, Blockwall, Frst, Bpifrance and Rerail. The latest financing, equivalent to roughly €18.5 million, will be used to expand the company’s range of tokenized money-market funds and accelerate hiring. Founded in Paris, Spiko provides businesses with on-chain access to daily-compounded money-market funds backed by short-term U.S. Treasury bills. The company says it has already collected more than €350 million from around 1,000 clients and has tokenized about $146 million of assets on Polygon. Spiko’s funding comes as European corporates search for higher-yield cash-management options. The firm plans to scale its infrastructure so that any business can earn yield on idle deposits without sacrificing liquidity, mirroring practices more common in the United States.