Amundi, Europe’s largest asset supervisor, is launching the Spiko Amundi Overnight Swap Fund (SAFO), a tokenized fund on Ethereum and Stellar beginning with about $100 million in dedicated property.
A Traditional Fund With A Tokenized Wrapper
Institutions traditionally associated to TradFi have discovered a approach to not to be left behind on the crypto curve in tokenized property. In a statement published on Amundi’s website, the funding fund introduced its collaboration with Spiko, a French-law regulated specialist tokenization platform, to launch SAFO as a tokenized sub-fund of SPIKO SICAV.
𝗟𝗜𝗩𝗘: Europe’s largest asset supervisor Amundi (€2.3 trillion AUM) & Spiko launch new tokenized mutual fund (SAFO) powered by Chainlink.
Chainlink is how the world’s main establishments & tokenization platforms are unlocking the issuance & distribution of tokenized funds. pic.twitter.com/2GQshwqCrC
— Chainlink (@chainlink) March 19, 2026
Structurally, SAFO it’s a standard fund, simply with a tokenized wrapper: it’s designed for company treasury and collateral administration, an “on‑chain cash parking” with low threat and in a single day liquidity. The fund invests utilizing totally collateralized whole return swaps with high‑tier banks, aiming to ship secure yields barely above threat‑free charges whereas nonetheless letting traders get their a refund on an in a single day foundation. It helps a number of currencies (EUR, USD, GBP, CHF) and may be subscribed from as little as 1 unit, which is unusually low for institutional‑grade money merchandise.
The agency highlighted that the fund allows nearly instant settlement, helps a number of methods to carry property, supplies reside visibility into the shareholder register, and permits fund shares to maneuver globally across the clock, with automated entry by means of APIs or good contracts.
In the assertion, Jean-Jacques Barbéris, Head of Institutional and Corporate Clients, and ESG at Amundi, mentioned:
SAFO supplies skilled traders with a quick and clear entry to money administration options. This initiative is a part of our ambition to contribute to the rise of tokenized options.
Where Ethereum Comes In
The shareholder register and fund shares reside on Ethereum and Stellar, with Ethereum chosen for its good‑contract and DeFi composability, whereas Stellar helps quicker, decrease‑value transfers and 24/7 transferability of fund items. Chainlink’s community of knowledge suppliers places SAFO’s fund worth immediately on the blockchain and acts because the connector between Ethereum, Stellar, and conventional methods. This offers tokenized funds a safe, standardized approach to share info, constructing on checks Chainlink has already run with DTCC and different main establishments.
SAFO is Amundi’s second tokenized fund in a couple of months. Back in November, the fund rolled out a tokenized share class of a cash market fund on Ethereum, working along with CACEIS, considered one of Europe’s high asset-servicing suppliers and switch brokers, as reported by Bitcoinist.
Amundi’s new enterprise provides to a rising universe of tokenized cash‑market merchandise from gamers like BlackRock, the world’s largest asset supervisor, and Franklin Templeton, and reinforcing Ethereum’s place as the first settlement layer for institutional RWAs.
A €2.3 trillion incumbent plugging into Ethereum and Chainlink cements the thesis that the following leg of the crypto cycle is pushed by tokenized money, bonds, and funds fairly than purely speculative DeFi.
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