Spiko ranks sixth among RWA issuers with $2.5B in tokenized assets
RWA Signal Insight
U.S. TreasuriesParis-based tokenization platform Spiko has emerged as a significant player in the RWA sector, currently managing approximately $2.55 billion in on-chain assets. By offering nine active funds that include Eurozone T-bills, US Treasury bills, and UK gilts, the firm has secured a position among the top six global RWA issuers. The platform utilizes a UCITS-compliant structure, ensuring regulatory alignment within the European Union under the supervision of France’s AMF. Institutional-grade custody is provided by BNY Mellon and CACEIS, with audits conducted by PwC. Spiko distributes these assets across the Stellar, Arbitrum, Ethereum, and Polygon blockchains, with Stellar hosting the majority of the volume at $1.6 billion. The platform serves 15,680 KYC-verified holders, reflecting a growing institutional appetite for compliant, blockchain-native government debt products. This rapid growth, which saw the firm double its AUM since early 2026, highlights the increasing viability of tokenized fund shares for traditional asset managers.
Key points
- Spiko manages $2.55 billion in assets across nine funds on Stellar, Arbitrum, Ethereum, and Polygon.
- The platform serves 15,680 KYC-verified holders using a UCITS-compliant regulatory framework.
- Stellar hosts $1.6 billion of total assets, representing the largest share of the platform's AUM.
- Flagship product eurSAFO accounts for $1.39 billion of the firm's total managed assets.
Background
Spiko is a French financial technology company that specializes in tokenizing government debt and money market instruments. By wrapping traditional assets in UCITS-compliant fund structures, the platform enables investors to access regulated financial products on public blockchains. It operates as a bridge between traditional finance and decentralized infrastructure through strict KYC and allowlisting protocols.