Research on
Spiko.

Stellar's RWA active market cap reached an all-time high of $2.57B as Marketnode partnered with BNY Investments to tokenize APAC funds onchain. SCF #45 set a submission record with 213 entries while Merkl launched its first fixed-APR yield campaigns on Stellar through Upshift vaults.

Stellar's 2014 anchor model was built for regulated token issuance. A decade later, with $3B+ in RWAs and DTCC integrating Wall Street's clearinghouse, that design is validating as the infrastructure for institutional blockchain finance.

Spiko became the first platform to cross $1 billion in tokenized assets on Stellar this week, as SushiSwap enabled cross-chain swaps for XLM and USDC across 40+ chains and the JavaScript SDK v16 shipped with Protocol 27 testnet support. Archax launched a perpetual T-Bill token on Stellar and Anchorage Digital announced institutional custody for Etherfuse's tokenized Mexican government debt.

Circle CCTP went live on Stellar this week, enabling native 1:1 USDC bridging across 23 chains, while Spiko's Stellar AUM reached approximately $600 million and validators contained a $10 million oracle-manipulation attack on the Blend lending protocol.