Spiko Alternatives: Similar RWA Protocols Compared

Spiko carries a risk grade of B (23/100) and ranks #2 of 77 rated RWA protocols. Below are 76 RWA protocols ranked by safety — from safest to riskiest. 1 of these protocols score lower (safer) than Spiko, and 75 score higher (riskier).

The single safest alternative is Paxos Gold (B+, 20/100 — 3 points safer than Spiko). See the Spiko vs Paxos Gold comparison to weigh the tradeoffs.

Current Protocol

Spiko logo
Spiko

RWA

Risk

B

Value

C-

TVL

$2.2B

Safety analysis →Investment analysis →
AlternativeRiskValueTVL
1Paxos Gold logoPaxos GoldSafer
B+
A-
$1.8B
2Ethena USDtb logoEthena USDtb
B
B
$356M
3Paxos Gold logoPaxos Gold
B
B+
—
4OpenEden TBILL logoOpenEden TBILL
B
D
$256M
5Superstate USTB logoSuperstate USTB
B
D-
$769M
6Brickken logoBrickken
B-
D-
$41M
7Sky RWA logoSky RWA
B-
C-
$82M
8VanEck Treasury Fund logoVanEck Treasury Fund
B-
D
$192M
9Circle USYC logoCircle USYC
B-
D
$3.0B
10MatrixDock XAUM logoMatrixDock XAUM
B-
B-
$63M
11WisdomTree logoWisdomTree
B-
D-
$808M
12Asseto AoABT logoAsseto AoABT
B-
C-
$24M
13Blockchain Capital logoBlockchain Capital
B-
D
$964M
14Etherfuse logoEtherfuse
B-
C
$14M
15KAIO logoKAIO
B-
D
$43M
16BlackRock BUIDL logoBlackRock BUIDL
B-
C
$3.5B
17Meld Gold logoMeld Gold
B-
C
$9M
18Theo Network thBill logoTheo Network thBill
B-
D-
$69M
19Frax USD logoFrax USD
B-
C
$114M
20Invesco USTB logoInvesco USTB
B-
B
$754M
21Apollo Diversified Credit Securitize Fund logoApollo Diversified Credit Securitize Fund
B-
D-
$115M
22Hastra logoHastra
B-
B-
$485M
23Lofty logoLofty
B-
C-
$99M
24Midas RWA logoMidas RWA
B-
B-
$110M
25Plume Network logoPlume Network
B-
C
$50M
26Anemoy Capital logoAnemoy Capital
B-
D
$864M
27Centrifuge logoCentrifuge
B-
C+
$1.6B
28DigiFT logoDigiFT
B-
D+
$163M
29Dinari logoDinari
B-
C
$11M
30Sygnum FIUSD Liquidity Fund logoSygnum FIUSD Liquidity Fund
B-
D-
$24M
31Aave Horizon RWA logoAave Horizon RWA
B-
B-
$258M
32BackedFi logoBackedFi
B-
C-
$4M
33ComTech Gold logoComTech Gold
B-
C
$5M
34OpenEden USDO logoOpenEden USDO
B-
D-
$25M
35Re logoRe
B-
C-
$262M
36Superstate USCC logoSuperstate USCC
B-
D
$228M
37Liqi logoLiqi
C+
D-
$106M
38ORIGYN logoORIGYN
C+
D-
$51M
39Securitize Tokenized AAA CLO Fund logoSecuritize Tokenized AAA CLO Fund
C+
D
$106M
40Figure Markets Democratized Prime logoFigure Markets Democratized Prime
C+
C+
$186M
41Tether Gold logoTether Gold
C+
A-
$2.9B
42Estate Protocol logoEstate Protocol
C+
D+
$14M
43Franklin Templeton BENJI logoFranklin Templeton BENJI
C+
C
$1.0B
44OpenTrade logoOpenTrade
C+
B-
$247M
45Hashnote logoHashnote
C+
B+
$3.0B
46Ondo Finance logoOndo Finance
C+
B+
$2.6B
47Credit Coop logoCredit Coop
C+
C
$5M
48Kasu logoKasu
C+
C-
$11M
49Pareto Credit logoPareto Credit
C+
C-
$227M
50Pleasing Gold logoPleasing Gold
C+
C
$88M
51Figure Markets logoFigure Markets
C+
C-
$1.6B
52GAIB logoGAIB
C+
C
$20M
53Stobox logoStobox
C+
D+
$14M
54AFI Protocol logoAFI Protocol
C
C
$226M
55USD AI logoUSD AI
C
C-
$157M
56Anzen V2 logoAnzen V2
C
D-
$8M
57xStocks logoxStocks
C
C-
$349M
58Ondo Global Markets logoOndo Global Markets
C
C+
$911M
59Ondo USDY logoOndo USDY
C
B
$2.6B
60RAAC logoRAAC
C
D
$111M
61Republic Note logoRepublic Note
C
D+
$10M
62stUSDT logostUSDT
C
F
$60M
63Mu Digital logoMu Digital
C
C-
$17M
64OnRe logoOnRe
C
B+
$247M
65Tangible RWA logoTangible RWA
C
C-
$43M
66Valos logoValos
C
C-
$112M
67cSigma Finance logocSigma Finance
C
D+
$22M
68Vesta Equity logoVesta Equity
C
D+
$21M
69Goldfinch logoGoldfinch
C
D+
$2M
70Nest Credit logoNest Credit
C
C+
$111M
71T RIZE logoT RIZE
C
D+
$23M
72GoldFinger logoGoldFinger
C-
D
$23M
73Mountain Protocol logoMountain Protocol
C-
B
—
74Zoth Protocol logoZoth Protocol
C-
D-
$2M
75RealT Tokens logoRealT Tokens
C-
D
$157M
76USD.AI logoUSD.AI
D
C
$157M
Is Spiko safe?Is Spiko a good investment?Spiko risk profile →