Amundi unveils $100M tokenized fund on Ethereum, Stellar
6.6 Investments Amundi and Spiko launch SAFO, a $100M tokenized fund on Ethereum and Stellar, offering 24/7 transferability, automated NAV via Chainlink, and multi-currency access for institutional investors.
Amundi, Europe’s largest asset manager with over €2.3 trillion in assets, has partnered with Spiko to launch the Spiko Amundi Overnight Swap Fund (SAFO). This tokenized mutual fund debuts with $100 million in committed assets and is structured as a sub-fund under SPIKO SICAV, fully compliant with European regulations. SAFO operates on both Ethereum and Stellar blockchains, enabling 24/7 transferability, near-instant settlement, and real-time transparency. Chainlink technology powers automated net asset value (NAV) reporting and secure cross-chain interoperability, enhancing operational efficiency and trust. The fund utilizes fully collateralized total return swaps with top-tier banks to deliver stable yields above risk-free benchmarks, while maintaining overnight liquidity. Investors can subscribe and redeem shares in EUR, USD, GBP, and CHF, with a minimum subscription of one unit. This initiative targets corporate and institutional treasury and collateral management, marking a significant step in institutional blockchain adoption.
