Spiko's SAFO fund has surpassed BlackRock's BUIDL and Circle's USYC to become the largest tokenized fund, holding $2.38 billion in assets under management. The two competing funds each hold $2.37 billion. Speaking at Stellar's Meridian conference in Lisbon, Spiko co-founder Paul Hyppolite detailed how the firm reached $3 billion in total AUM within just two years of operation.