Spiko Finance's SAFO fund has reached $2.38 billion in assets, overtaking BlackRock's BUIDL and Circle's USYC (both at $2.37 billion) to become the largest tokenized fund on record. The milestone was highlighted live from Stellar's Meridian conference in Lisbon by Spiko CEO Paul-Alexandre Hyppolite. The achievement comes as Spiko crossed $3 billion in total assets under management within just two years of operation, underscoring rapid institutional adoption of tokenized financial instruments.