French fintech firm Spiko has deployed its tokenized U.S. and EU T-Bills money market funds on the Arbitrum One network, bringing roughly $150–159 million in tokenized real-world assets into the Layer-2 ecosystem. The products are structured as UCITS-compliant money market funds with on-chain, tokenized shares: USTBL for U.S. Treasury bill exposure and EUTBL for Eurozone T-bills. According to Spiko, these funds currently hold about $159 million in assets under management across chains and are among the most prominent tokenized Treasury-bill products in Europe. The funds are regulated under the European UCITS framework and are designed to be accessible to a broad range of investors, including retail, with tokens held in self-custodial wallets. By going live on Arbitrum, Spiko aims to offer an institutional-grade, on-chain cash management and collateral solution for DeFi protocols, trading venues, and other ecosystem participants, while giving Arbitrum users direct access to tokenized short-term government debt in both dollars and euros. The launch adds to the rapidly growing market for tokenized U.S. Treasuries and T-bill products, which has expanded into multiple chains as RWA issuers compete to provide yield-bearing, regulated instruments to crypto-native users.

AI-generated background, compiled from web sources — not editorial content.

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