Spiko's SAFO tokenized fund becomes the world's largest, reaching $2.38 billion on October 23, surpassing BlackRock's BUIDL and Circle's USYC. The milestone comes seven months after launch with over 10,000 investors and 31 consecutive weeks of growth.
Spiko's SAFO (Spiko Amundi Overnight Swap Fund) crossed $2.38 billion in assets on October 23, surpassing both BlackRock's BUIDL ($2.17 billion) and Circle's USYC ($2.37 billion) to become the world's largest tokenized fund. Launched in March 2026 as a partnership between Spiko and Amundi, Europe's largest asset manager, SAFO has grown at roughly 30% monthly in assets and reached 10,000+ investors across 13,000 wallets in seven months. Over two-thirds of SAFO ($1.65 billion) is recorded on the Stellar network, with 9 out of 10 investors holding shares on Stellar. The fund offers overnight rate returns plus a spread, with instant withdrawals available up to €500,000 daily.
