David beats the giants
The French fintech #Spiko dethrones #BlackRock and #Circle with the world's largest tokenized fund
A French startup virtually unknown to the general public has just shaken the foundations of the real-world assets #RWA and institutional blockchain finance sectors. Without the media buzz surrounding the giants of #WallStreet , Spiko has pulled off one of the crypto market's greatest feats, becoming the undisputed global leader in tokenized money market funds.
New king of RWAs: Spiko reached $2.39 billion in assets under management (AUM) at the end of last month, overtaking industry titans such as BlackRock's BUIDL fund and Circle's USYC (both above $2 billion).
Multimillion-dollar funding round: Alongside its growth, the firm closed a $90 million funding round, bringing its market valuation to nearly $800 million.
Exponential growth: Driven by its flagship product, the Spiko Amundi Overnight Swap Fund (SAFO), the platform's assets grew at a rate of nearly 30% per month over the past quarter. Its investor base now exceeds 10,000 individuals and corporate entities.
Institutional and regulatory backing: Spiko operates under the European UCITS regulatory framework—which allows it to distribute funds to retail investors across borders—and has the strategic support of traditional financial giants such as BNP Paribas and Amundi.
The potential of the European market: Its CEO and co-founder, Paul-Adrien Hyppolite (former deputy director of the French Treasury), notes that Europe still accounts for only a small fraction of money market funds compared with the United States' $8 trillion, pointing to enormous room for growth in tokenized cash equivalents across the continent.
$ONDO
$NVDAB
$TSMB
The French fintech #Spiko dethrones #BlackRock and #Circle with the world's largest tokenized fund
A French startup virtually unknown to the general public has just shaken the foundations of the real-world assets #RWA and institutional blockchain finance sectors. Without the media buzz surrounding the giants of #WallStreet , Spiko has pulled off one of the crypto market's greatest feats, becoming the undisputed global leader in tokenized money market funds.
New king of RWAs: Spiko reached $2.39 billion in assets under management (AUM) at the end of last month, overtaking industry titans such as BlackRock's BUIDL fund and Circle's USYC (both above $2 billion).
Multimillion-dollar funding round: Alongside its growth, the firm closed a $90 million funding round, bringing its market valuation to nearly $800 million.
Exponential growth: Driven by its flagship product, the Spiko Amundi Overnight Swap Fund (SAFO), the platform's assets grew at a rate of nearly 30% per month over the past quarter. Its investor base now exceeds 10,000 individuals and corporate entities.
Institutional and regulatory backing: Spiko operates under the European UCITS regulatory framework—which allows it to distribute funds to retail investors across borders—and has the strategic support of traditional financial giants such as BNP Paribas and Amundi.
The potential of the European market: Its CEO and co-founder, Paul-Adrien Hyppolite (former deputy director of the French Treasury), notes that Europe still accounts for only a small fraction of money market funds compared with the United States' $8 trillion, pointing to enormous room for growth in tokenized cash equivalents across the continent.
$ONDO
$NVDAB
$TSMB
