Spiko just posted one of the strongest 90-day runs in the tokenized fund space.
According to Token Terminal data, the company’s eurSAFO and eurSAFOd products together added roughly $1.1 billion in onchain assets under management (AUM).
Specifically, eurSAFO contributed about $861 million while eurSAFOd added another $252 million.
This surge arrives while Spiko’s broader platform already sits above $3 billion in total AUM.
The two euro-denominated share classes of the Spiko Amundi Overnight Swap Fund (SAFO) continue to pull in capital at a pace few other tokenized products match.
What Are Spiko’s eurSAFO and eurSAFOd Products?
eurSAFO represents the main euro share class of SAFO, a French UCITS fund co-created by Spiko and Amundi, Europe’s largest asset manager. eurSAFOd functions as a related D share class of the same fund.
Both deliver yields designed to sit above the €STR overnight benchmark through fully collateralised total-return swaps with top-tier bank counterparties.
Investors receive tokenized shares that live on multiple public blockchains, including Stellar, Arbitrum, Polygon and others.
Subscriptions start at just one euro, and euro holders can access instant withdrawals up to €500,000 daily, even outside banking hours.
How Did Spiko Achieve This Rapid AUM Growth?
Spiko launched SAFO in March 2026. Within months, the fund climbed past $1 billion and later overtook both BlackRock’s BUIDL and Circle’s USYC to become the world’s largest tokenized fund by assets.
Steady weekly inflows, low minimums, same-day liquidity and a regulated UCITS wrapper all played roles.
Corporate treasurers and smaller businesses in particular moved cash onchain for the yield-plus-liquidity combination.
Meanwhile, Spiko’s earlier treasury-bill funds fed additional capital into the SAFO products through internal switches.
Beyond the product design, multi-chain distribution and partnerships with platforms that embed Spiko funds helped widen reach across more than 25 jurisdictions.
Why Does This Growth Matter for Tokenized Assets?
The $1.1 billion addition in just 90 days shows that regulated, yield-bearing cash products can scale quickly when they solve real operational needs.
Companies want competitive short-term returns without locking up funds for days.
Spiko’s structure delivers that while remaining under AMF supervision and using established service providers such as CACEIS as depositary and Chainlink for on-chain NAV feeds.
In turn, the growth reinforces confidence that European tokenized funds can compete head-to-head with larger U.S. names.
What Sets Spiko Apart in the Tokenized Fund Space?
Spiko focuses on everyday corporate and individual cash management rather than purely institutional minimums.
The firm already serves more than 6,500 businesses that park operating cash in its funds.
Instant euro redemptions, multi-currency options and a clean regulatory path give it a practical edge.
Overall, the latest AUM figures confirm that Spiko has turned regulated onchain cash into a mainstream treasury tool rather than a niche experiment.
