Stellar’s role in Spiko’s tokenized-fund figures depends on the measure: $1.9 billion is recorded on the network within an overall $3 billion market capitalization for Spiko’s tokenized funds.
SAFO’s Oct. 23 asset tally was $2.38 billion, with $1.65 billion of that total recorded on Stellar. The SAFO snapshot measures assets for one fund, while the $3 billion figure covers market capitalization across Spiko’s tokenized funds. The readings are not like-for-like because one measures a fund’s assets and the other covers the market capitalization of Spiko’s funds overall.
An earlier snapshot covering 33 networks put Stellar at 10.5% of a $34.2 billion tokenized-fund market, compared with 47.1% for Ethereum and 13% for BNB Chain. The 33-network market-share snapshot compares network positions in the broader market; it does not measure SAFO’s assets.
Tokenized funds put investment products on blockchains. Networks compete for issuers and institutional users.
