Amundi and Spiko launched SAFO, a tokenized overnight swap fund with shareholder registers on Ethereum and Stellar, using Chainlink oracles for NAV data. The dual-chain structure leverages Stellar's low-cost transfers alongside Ethereum's smart contract ecosystem.
Europe's largest asset manager Amundi and tokenized finance platform Spiko launched the Spiko Amundi Overnight Swap Fund (SAFO), a UCITS vehicle with shareholder registers hosted on both Ethereum and Stellar blockchains. Chainlink provides on-chain NAV oracle infrastructure bridging off-chain fund valuation to on-chain execution. Unlike typical tokenized Treasury funds, SAFO holds assets via fully collateralized total return swaps with major banks including BNP Paribas, offering stable yields and overnight liquidity. The fund is available in EUR, USD, GBP, and CHF, with CACEIS as depositary and Spiko as transfer agent. This marks Amundi's second blockchain issuance and reflects the broader RWA market expansion, which reached $27.3 billion in distributed asset value.
