Meet Spiko, the largest tokenized fund in the world you’ve probably never heard about

The milestone underscores how tokenized cash-management products are scaling into billion-dollar vehicles even as most on-chain activity remains concentrated in a handful of issuers. Spiko’s growth signals rising institutional appetite for yield-bearing funds wrapped in token form rather than speculative crypto assets. Watch whether SAFO’s AUM continues climbing past the $2.4 billion mark and whether competing tokenized treasury and money-market funds narrow the gap.