Tokenized Fund Assets on Stellar Reach $4 Billion Amid Institutional Expansion
Key Facts
Real-world assets tokenized on the Stellar network were valued at $4 billion on September 1, 2026, according to the official Stellar Development Foundation page. The figure puts the value of assets recorded on the network in the context of its expanding range of tokenized financial products, but it does not measure daily flows or establish that Stellar leads the global sector. An earlier draft of the report attributed large daily flows to the network, but those figures could not be confirmed on the Token Terminal pages reviewed or in a primary source. The verified report therefore focuses on the value of assets on Stellar and the expansion of fund products there. Foundation data show that this activity includes multiple products and regulated issuers.
The foundation’s page counted 67 tokenized products and 10 regulated issuers on the network as of September 1, 2026. One fund prominent in this activity is SAFO, whose assets reached $2.38 billion on October 23, 2026, Spiko said. According to the comparison announced by the company, the fund on that date surpassed USYC, with assets of $2.37 billion, and BUIDL, with assets of $2.17 billion. These are fund asset figures, not a measure of net daily flows in the tokenized-asset market. They also reflect varying sizes among specific products and are not sufficient on their own to establish that a network dominates the entire market.
Spiko said $1.65 billion of SAFO’s assets were recorded on the Stellar network, according to an October 29, 2026, announcement, and that 9 out of every 10 investors in the fund held their shares there. The company said the fund’s assets had posted weekly growth for 31 consecutive weeks since its launch. That run indicates continued expansion of the fund, while the asset distribution shows where a large share of its units are recorded. However, growth in one fund is not equivalent to flows across the entire market and does not prove that the network accounts for a specific share of the overall sector. These figures provide a more specific measure of SAFO activity on Stellar than the unconfirmed claim of daily flows.
Spiko’s data also break down subscriptions and redemptions since the fund’s launch: subscriptions totaled $3.47 billion, including $0.93 billion transferred from other funds managed by Spiko, against redemptions of $1.05 billion. The number of tokenized share issuance and burn transactions also exceeded 68,000 as of the October 29, 2026, announcement. The company said the fund holds a securities portfolio and uses total return swaps with banking counterparties to target the overnight rate plus a spread, while Amundi manages the portfolio as delegated investment manager. This means the product combines a record of shares on a blockchain with a portfolio of financial instruments and swaps with banking institutions. These details concern SAFO’s structure and operation as described by Spiko.
Stellar is seeking to expand the range of products available on the network through new announcements. On October 27, 2026, Janus Henderson and Centrifuge announced the launch of the JQQQ fund, which tracks the Nasdaq-100 Index, exclusively on the network. A day later, Securitize announced plans to integrate its network with Stellar to support the issuance and management of tokenized financial assets, saying details of the supported assets would be announced later. The announcements point to expansion in products and partnerships, but do not in themselves provide evidence of investor demand or fund performance. The distinction remains between launching a new product and measuring its assets or the flows it attracts.
The network’s activity also includes other uses of digital assets. The Stellar Development Foundation said the SWEEP fund from State Street and Galaxy had become available on the network, and that eligible investors could subscribe and redeem in stablecoins around the clock, subject to their availability in the fund’s portfolio. In the second quarter of 2026, stablecoin transfer volume on Stellar reached a record $11.4 billion, up 72% quarter over quarter, according to the foundation. These figures concern stablecoin transfers, a different measure from fund balances or net flows. They provide context on the network’s use for payments and transfers, alongside the recording of funds and tokenized financial products.