HUMA FINANCE vs SPIKO
Huma Finance V2 and Spiko, compared on the things that decide whether you get your dollar back. Live data, updated continuously.
30-day peg gap and HUMA FINANCE/SPIKO spread
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Huma Finance V2 issues dollar-denominated tokenized real-world assets across 3 chains. Value shown is on-chain assets under management.
Verdict band: Adequate
Spiko issues dollar-denominated tokenized real-world assets across 7 chains. Value shown is on-chain assets under management.
Verdict band: Adequate
| Safety scoreComposite of collateral, peg, liquidity, issuer and track record. | ●●●●●5 of 5 | 63 | 66 | SPIKO |
|---|---|---|---|---|
| Collateral qualityWhat actually backs the token, and how liquid that backing is. | ●●●●●5 of 5 | 55 | 55 | Tie |
| Exit liquidityWhether you can leave at size without moving the price. | ●●●●●5 of 5 | $0.00 | $0.00 | Tie |
| Issuer & legal standingRegulatory perimeter, disclosure quality and redemption rights. | ●●●●4 of 5 | 48 | 48 | Tie |
| Peg tightness (live)Absolute distance from $1.00 right now — smaller is better. | ●●●●4 of 5 | 0.000% | 0.000% | Tie |
| Worst recorded depegHow badly the token has broken before, as a stress precedent. | ●●●●4 of 5 | None recorded | None recorded | Tie |
| Track recordYears live and behaviour through past stress events. | ●●●●4 of 5 | 53 | 53 | Tie |
| Scale / market capBigger float usually means broader venue support and tighter spreads. | ●●●3 of 5 | $279.93M | $2.52B | SPIKO |
| Chain reachNumber of networks where the token is natively deployed. | ●●●3 of 5 | 3 chains | 7 chains | SPIKO |
| Best available yieldUpside — but every extra point above T-bills is paid for with risk. | ●●2 of 5 | None | None | Tie |
"Matters" is our weighting of how much each dimension typically drives a real allocation decision. Sort any column to re-rank the tradeoffs by what matters to you.
The short answer
SPIKO scores higher on safety (66 vs 63), driven mainly by collateral quality and disclosure. HUMA FINANCE has deeper tracked liquidity ($0.00), which is what determines whether you can exit at size.
If both are fiat-reserve tokens, note that holding both is not diversification: they share the same short-dated Treasury and banking exposure. Genuine diversification means mixing collateral structures.
Which one fits your goal: HUMA FINANCE or SPIKO?
Capital preservation over everything else.
For park cash safely, SPIKO edges out HUMA FINANCE — but it is close enough that either works.
- Safety score 66 vs 63, with collateral rated 55/100.
- Current peg deviation 0.000% against 0.000% for HUMA FINANCE.
- No material depeg recorded for SPIKO in our incident log.
Concentrating in one issuer is a single point of failure regardless of score. Split across collateral structures.
Key risks, side by side
HUMA FINANCE
- Issuer and banking risk: reserves sit with Huma Finance V2 under Not documented rules.
- No depeg recorded in our incident log — absence of history is not a guarantee.
- Attestation cadence: monthly.
SPIKO
- Issuer and banking risk: reserves sit with Spiko under Not documented rules.
- No depeg recorded in our incident log — absence of history is not a guarantee.
- Attestation cadence: monthly.
| Metric | HUMA FINANCE | SPIKO |
|---|---|---|
| Category | Tokenized Treasury | Tokenized Treasury |
| Issuer | Huma Finance V2 | Spiko |
| Jurisdiction | Not documented | Not documented |
| Collateral | treasuries | treasuries |
| Peg mechanism | asset-backed | asset-backed |
| Attestation | monthly | monthly |
| Redemption | gated | gated |
| Price | $1.0000 | $1.0000 |
| Peg deviation | 0.000% | 0.000% |
| Market cap | $279.93M | $2.52B |
| 7d supply change | +18.00% | +1.58% |
| Liquidity | $0.00 | $0.00 |
| Best yield | None | None |
| Chains | 3 | 7 |
| Launched | — | — |
| Worst recorded depeg | None recorded | None recorded |
Spread, peg gap and switching cost
- Price spread (HUMA FINANCE vs SPIKO)
- +0.0 bps
- $1.0000 vs $1.0000
- Peg deviation gap
- 0.000 pp
- HUMA FINANCE 0.000% · SPIKO 0.000%
- Yield spread
- +0.00%
- HUMA FINANCE — · SPIKO —
- Liquidity ratio
- —
- $0.00 vs $0.00
A round trip between HUMA FINANCE and SPIKO costs roughly the market spread plus venue fees. At 0.0 bps of price gap, swapping $1M implies about $0.00 of price impact before fees — usually only worth it if the peg gap or yield spread is durable, not intraday noise.
Chain coverage
HUMA FINANCE is live on 3 chains, SPIKO on 7. 2 chains carry both, so bridging is only unavoidable for the 6 networks where just one of them is deployed.
| Chain | HUMA FINANCE | SPIKO | Both available |
|---|---|---|---|
| $2.73M | $1.58B | Yes | |
| — | $447.47M | SPIKO only | |
| $85.09M | $247.55M | Yes | |
| $192.11M | — | HUMA FINANCE only | |
| — | $167.97M | SPIKO only | |
| — | $39.45M | SPIKO only | |
| — | $32.55M | SPIKO only | |
| — | $4.92M | SPIKO only |
HUMA FINANCE vs SPIKO: frequently asked questions
Is HUMA FINANCE or SPIKO safer?
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On our composite safety score SPIKO rates 66/100 versus 63/100 for HUMA FINANCE. The score weighs collateral quality (treasuries vs treasuries), redemption rights, attestation quality, peg history and liquidity depth. A higher score is not a guarantee: both remain issuer-credit and smart-contract exposures, not insured bank deposits.
What is the difference between HUMA FINANCE and SPIKO?
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Huma Finance V2 is issued by Huma Finance V2 (Not documented), backed by treasuries, with redemption terms: gated. Spiko is issued by Spiko (Not documented), backed by treasuries, with redemption terms: gated. Attestation coverage is "monthly" for HUMA FINANCE and "monthly" for SPIKO.
Which has the bigger market cap, HUMA FINANCE or SPIKO?
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SPIKO is larger at $2.52B in circulating supply, against $279.93M for the other. Over the last 7 days supply moved +18.00% for HUMA FINANCE and +1.58% for SPIKO.
Are HUMA FINANCE and SPIKO trading at $1.00 right now?
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HUMA FINANCE trades at $1.0000 (0.000% off peg) and SPIKO at $1.0000 (0.000% off peg). The gap between the two is about 0.0 basis points, which is the cost you pay when rotating size between them before fees.
Has HUMA FINANCE or SPIKO ever depegged?
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HUMA FINANCE: no material depeg recorded in our incident set. SPIKO: no material depeg recorded in our incident set. Past peg behaviour under stress is the single best available proxy for how a token trades in the next crisis.
Which is better for large institutional size, HUMA FINANCE or SPIKO?
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For block size the constraint is exit liquidity and primary redemption, not headline supply. HUMA FINANCE shows deeper on-chain liquidity at $0.00 versus $0.00. Combine that with the redemption channel — HUMA FINANCE: gated; SPIKO: gated — and size trades against the primary window rather than the order book where possible.
Can I earn yield on HUMA FINANCE or SPIKO?
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Neither HUMA FINANCE nor SPIKO currently has a tracked yield venue in our dataset. Holding either in a wallet pays nothing; any advertised rate comes from lending or liquidity provision on top, with its own risk.
Which chains support both HUMA FINANCE and SPIKO?
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Both are deployed on 2 shared networks, including Ethereum, Stellar. HUMA FINANCE spans 3 chains in total and SPIKO spans 7. Bridged supply on a chain is not the same as natively issued supply, and it usually carries the bridge's risk rather than the issuer's.
What does it cost to switch from HUMA FINANCE to SPIKO?
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Budget three components: the current price spread of roughly 0.0 bps, swap or venue fees, and slippage against available depth ($0.00 for HUMA FINANCE, $0.00 for SPIKO). For meaningful size, redeeming with the issuer and minting the other side is often cheaper than a secondary-market swap.
Is HUMA FINANCE or SPIKO regulated?
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HUMA FINANCE is issued from Not documented with monthly; SPIKO is issued from Not documented with monthly. Regulatory status varies by your own jurisdiction and by whether the token is offered under a specific stablecoin regime, so treat this as a starting point for diligence, not legal advice.