Spiko Has Topped $2.55 Billion in Tokenized Assets
The platform now ranks sixth among global issuers of real-world assets after significant growth in fund management.
Updated on Sept. 18, 2026 in Corporate Finance
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Spiko, a Paris-based platform that converts government debt into blockchain-native shares, currently manages approximately $2.55 billion in assets. The firm achieved this milestone through the management of nine active funds, including Eurozone T-bills and US Treasury bills.
Why it matters
By bridging traditional financial instruments like government bonds with blockchain technology, Spiko provides investors with on-chain access to stable, yield-bearing assets. This integration reflects the growing institutional adoption of tokenized real-world assets within the digital finance ecosystem.
Spiko oversees $1.39 billion in its Amundi Overnight Swap Fund and between $767 million and $792 million in its EU T-Bills MMF. The platform, which charges a 0.25% management fee on select products, now serves 15,680 tokenized fund share holders.
The players
Spiko
This Paris-based financial technology company focuses on tokenizing traditional government debt into blockchain-native fund shares.
Stellar
Stellar is an open-source, decentralized payment network that hosts approximately $1.6 billion of Spiko's tokenized assets.
The details
The platform utilizes blockchain technology to represent traditional government debt as digital shares, requiring identity verification and allowlisting for investor participation. A significant portion of these holdings, roughly $1.6 billion, is currently hosted on the Stellar blockchain network.
Timeline
The Spiko platform was founded in 2023.
The company crossed the $1 billion assets under management threshold in early 2026.
Spiko ranked as the sixth largest tokenization issuer as of September 18, 2026.
Market Dynamics
Spiko's expansion reflects the ongoing shift toward tokenizing traditional financial instruments, a movement that is increasingly defining the competitive landscape for modern digital asset issuers. This trajectory follows the broader pattern of institutional real-world asset tokenization that has gained significant momentum in the global finance sector.
Investors gain exposure to government-backed debt through on-chain shares that require identity verification and allowlisting. These products provide a structured way to hold treasury-linked assets within a blockchain environment, subject to a 0.25% management fee.
The takeaway
Spiko's recent growth highlights how traditional debt markets are increasingly becoming accessible through regulated digital platforms. Investors looking to participate in tokenized funds should ensure they are comfortable with identity verification protocols and standard platform management fees.
Further reading
For more information on the evolution of digital financial structures, visit the Corporate Finance section.
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Would you trust blockchain-based tokens for your personal government debt investments?
