Spiko stands at the front of tokenized fund expansion right now.
Token Terminal data shows the French issuer added $848.4 million in onchain assets under management (AUM) across the past 90 days.
That figure tops every other player in the category. Ondo Finance follows with a $239 million rise, while Re posts a solid $196.8 million gain.
The ranking highlights how capital continues to flow into regulated, yield-bearing products that live on public blockchains.
Spiko’s total platform AUM now sits near the $3 billion mark after months of steady weekly inflows.
What Does the Latest Tokenized Fund Growth Ranking Show?
The numbers reveal clear leadership by Spiko among issuers. Its products, especially the euro-focused SAFO share classes and earlier treasury-bill funds, pulled in the bulk of new capital.
Meanwhile, the rest of the field trails at a noticeable distance. Sky, Midas and Franklin Templeton each added between $90 million and $136 million in the same window.
In particular, Spiko’s multi-chain presence on Stellar, Arbitrum and other networks helped accelerate the pace.
How Does Spiko Compare to Other Leading Issuers?
Spiko’s $848.4 million jump outpaces Ondo’s more diversified tokenized treasuries and stocks business by more than threefold.
At the same time, Re’s growth reflects rising interest in onchain reinsurance capital rather than pure cash management.
Beyond pure size, Spiko benefits from low minimums, same-day euro liquidity and a UCITS wrapper that feels familiar to European treasurers.
In contrast, many competitors still target narrower institutional audiences with higher entry barriers.
Why Is Tokenized Fund Attracting This Level of Capital?
Corporate treasurers and smaller firms want competitive overnight yields without sacrificing access to cash.
Tokenized funds deliver that combination while keeping the legal and operational structure of traditional money-market products.
On top of that, programmable settlement and 24/7 transferability add practical value for companies managing multi-currency balances.
Ultimately, the 90-day data confirms that real operational demand, not just speculative interest, drives the inflows.
What Makes Spiko’s Approach Stand Out?
Spiko pairs Amundi’s portfolio management with its own onchain registrar services.
The result is a product set that works for both large institutions and everyday businesses.
Notably, more than 6,500 companies already park operating cash in Spiko funds.
Instant euro redemptions up to €500,000 and multi-currency options further widen the appeal.
Overall, the issuer has turned tokenized cash into a practical treasury tool rather than a niche experiment.
