Spiko’s tokenized funds hit $3 billion market cap, up 536% in a year

Spiko’s tokenized funds have reached a $3 billion market cap. That figure is up 536% in a single year. For a company founded in 2023, that is quick work. Most of that money sits on Stellar, which hosts $1.9 billion of Spiko’s funds. Arbitrum, the Ethereum layer-2 network, holds $669 million. Smaller amounts are spread across Ethereum and other chains. What Spiko actually sells Spiko issues regulated tokenized money market funds. Spiko’s version puts the fund shares on a blockchain. Investors hold a token instead of a line item at a traditional transfer agent. The underlying assets are mostly Eurozone and US Treasury bills. The lineup includes T-bill-backed funds and swap-based products managed alongside Amundi. Everything falls under French UCITS rules, Europe’s main framework for regulated retail investment funds. The products offer daily liquidity and accrue yield. Spiko keeps the regulatory side intact through partnerships with established custodians, including CACEIS and BNP Paribas. How the numbers stacked up The growth curve has been steep. Spiko’s assets under management were $400 million in July 2025. They crossed $1 billion in February 2026, then $2 billion in July 2026. B...