SECURITIZE T vs SPIKO
Securitize Tokenized AAA CLO Fund and Spiko, compared on the things that decide whether you get your dollar back. Live data, updated continuously.
30-day peg gap and SECURITIZE T/SPIKO spread
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Securitize Tokenized AAA CLO Fund issues dollar-denominated tokenized real-world assets across 1 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 | 62 | 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 | $102.99M | $2.46B | SPIKO |
| Chain reachNumber of networks where the token is natively deployed. | ●●●3 of 5 | 1 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 62), driven mainly by collateral quality and disclosure. SECURITIZE T 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: SECURITIZE T or SPIKO?
Capital preservation over everything else.
For park cash safely, SPIKO is the better fit over SECURITIZE T.
- Safety score 66 vs 62, with collateral rated 55/100.
- Current peg deviation 0.000% against 0.000% for SECURITIZE T.
- 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
SECURITIZE T
- Issuer and banking risk: reserves sit with Securitize Tokenized AAA CLO Fund under Not documented rules.
- No depeg recorded in our incident log — absence of history is not a guarantee.
- Attestation cadence: monthly.
- Chain concentration: 100% of supply sits on Ethereum.
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 | SECURITIZE T | SPIKO |
|---|---|---|
| Category | Tokenized Treasury | Tokenized Treasury |
| Issuer | Securitize Tokenized AAA CLO Fund | 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 | $102.99M | $2.46B |
| 7d supply change | +0.03% | +3.06% |
| Liquidity | $0.00 | $0.00 |
| Best yield | None | None |
| Chains | 1 | 7 |
| Launched | — | — |
| Worst recorded depeg | None recorded | None recorded |
Spread, peg gap and switching cost
- Price spread (SECURITIZE T vs SPIKO)
- +0.0 bps
- $1.0000 vs $1.0000
- Peg deviation gap
- 0.000 pp
- SECURITIZE T 0.000% · SPIKO 0.000%
- Yield spread
- +0.00%
- SECURITIZE T — · SPIKO —
- Liquidity ratio
- —
- $0.00 vs $0.00
A round trip between SECURITIZE T 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
SECURITIZE T is live on 1 chains, SPIKO on 7. 1 chains carry both, so bridging is only unavoidable for the 6 networks where just one of them is deployed.
| Chain | SECURITIZE T | SPIKO | Both available |
|---|---|---|---|
| — | $1.52B | SPIKO only | |
| — | $470.95M | SPIKO only | |
| $102.99M | $215.34M | Yes | |
| — | $172.18M | SPIKO only | |
| — | $39.63M | SPIKO only | |
| — | $33.82M | SPIKO only | |
| — | $4.91M | SPIKO only |
SECURITIZE T vs SPIKO: frequently asked questions
Is SECURITIZE T or SPIKO safer?
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On our composite safety score SPIKO rates 66/100 versus 62/100 for SECURITIZE T. 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 SECURITIZE T and SPIKO?
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Securitize Tokenized AAA CLO Fund is issued by Securitize Tokenized AAA CLO Fund (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 SECURITIZE T and "monthly" for SPIKO.
Which has the bigger market cap, SECURITIZE T or SPIKO?
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SPIKO is larger at $2.46B in circulating supply, against $102.99M for the other. Over the last 7 days supply moved +0.03% for SECURITIZE T and +3.06% for SPIKO.
Are SECURITIZE T and SPIKO trading at $1.00 right now?
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SECURITIZE T 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 SECURITIZE T or SPIKO ever depegged?
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SECURITIZE T: 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, SECURITIZE T or SPIKO?
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For block size the constraint is exit liquidity and primary redemption, not headline supply. SECURITIZE T shows deeper on-chain liquidity at $0.00 versus $0.00. Combine that with the redemption channel — SECURITIZE T: gated; SPIKO: gated — and size trades against the primary window rather than the order book where possible.
Can I earn yield on SECURITIZE T or SPIKO?
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Neither SECURITIZE T 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 SECURITIZE T and SPIKO?
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Both are deployed on 1 shared network, including Ethereum. SECURITIZE T spans 1 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 SECURITIZE T 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 SECURITIZE T, $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 SECURITIZE T or SPIKO regulated?
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SECURITIZE T 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.