Amundi, Europe's largest asset manager, launched the Spiko Amundi Overnight Swap Fund (SAFO) on Ethereum and Stellar with $100 million in committed assets. The tokenized fund offers 24/7 cross-chain transferability, real-time NAV reporting via Chainlink, and near-instant settlement for institutional treasury and collateral needs.
Amundi and Spiko launched SAFO, a tokenized overnight swap fund with $100 million in committed AUM, deployed on both Ethereum and Stellar blockchains. The fund is structured as a sub-fund of SPIKO SICAV under French law and targets corporate and financial institution treasury needs. SAFO features fully collateralized total return swaps with top-tier banks, subscription and redemption in four currencies (EUR, USD, GBP, CHF), and 24/7 borderless transferability. Chainlink records the fund's NAV on-chain across both networks, while CACEIS serves as depositary and administrator. The offering represents Amundi's second blockchain-based fund launch in five months and is currently available to eligible professional investors through Spiko's API-enabled distribution network.
