What to know:
- Amundi and Spiko launch SAFO with $100M for institutional cash management.
- SAFO runs on Ethereum and Stellar with real-time NAV powered by Chainlink.
- The tokenized asset market hits $52B as SAFO targets treasury operations.
Amundi has partnered with Spiko to launch a tokenized fund on Ethereum and Stellar. The fund targets institutional cash management and collateral use. It introduces blockchain-based features while maintaining a structure similar to traditional financial products.
According to the official announcement, the fund is named Spiko Amundi Overnight Swap Fund (SAFO). It begins with $100 million in committed assets. It is available in euro, U.S. dollar, pound sterling, and Swiss franc. The product is designed for institutional investors.
SAFO operates like a standard fund but uses tokenization for access and settlement. It is fully backed by total return swaps with major banks. These swaps aim to deliver returns above risk-free benchmarks. At the same time, liquidity remains available overnight.
Amundi SAFO Offers Real-Time Settlement Access
Investors can buy or sell the fund starting from one unit per currency. This provides flexible access for the participants. Amundi will act as the delegated investment manager. CACEIS will be responsible for the administration and depositary services.
The fund provides for the settlement of transactions on a near-instant basis. It provides for access without time constraints. This allows for the transfer of assets between investors at any time. This is done via APIs and smart contracts.
These integrations provide the fund with access to digital financial systems. It also provides for the automation of processes. This provides for the simplification of processes for institutions. It also provides for programmable financial interactions.
SAFO uses a dual-chain setup for its operations. Ethereum handles smart contracts and decentralized finance functions. Stellar is used for fast and low-cost transfers. This combination provides efficiency and flexibility.
Also Read: Ethereum Enters MVRV Buy Zone as On-Chain Data Signals Strong Accumulation
Amundi Integrates Chainlink for On-Chain NAV Data
Chainlink is used for fund net asset value (NAV) reporting. The NAV is recorded on-chain in real-time. This gives public access to valuation information. It also increases transparency for investors.
Source: Chainlink
Chainlink also helps in external system connectivity. This helps in easier data exchange between platforms. Investors can connect the fund to their existing systems. It also helps in automation through APIs.
The launch comes at a time when tokenized real-world assets are growing. The market size was $15.2 billion in early 2025. It later rose to almost $52 billion in March 2026. Ethereum leads in this segment with $15.7 billion.
SAFO is part of a wider change in financial markets. Tokenized funds are used for operations. This includes treasury and liquidity management. Amundi continues to grow in digital asset markets.
Also Read: Amundi Launches Tokenized Euro Money Market Fund on Ethereum
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