Amundi, Europe’s largest asset supervisor, is launching the Spiko Amundi In a single day Swap Fund (SAFO), a tokenized fund on Ethereum and Stellar beginning with about $100 million in dedicated belongings.
A Conventional Fund With A Tokenized Wrapper
Establishments traditionally associated to TradFi have discovered a approach to to not be left behind on the crypto curve in tokenized belongings. In an announcement revealed on Amundi’s web site, 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 conventional fund, simply with a tokenized wrapper: it’s designed for company treasury and collateral administration, an “on‑chain money parking” with low danger and in a single day liquidity. The fund invests utilizing totally collateralized whole return swaps with prime‑tier banks, aiming to ship steady yields barely above danger‑free charges whereas nonetheless letting buyers get their a refund on an in a single day foundation. It helps a number of currencies (EUR, USD, GBP, CHF) and might be subscribed from as little as 1 unit, which is unusually low for institutional‑grade money merchandise.
The agency highlighted that the fund permits nearly rapid settlement, helps a number of methods to carry belongings, gives reside visibility into the shareholder register, and permits fund shares to maneuver globally across the clock, with automated entry by way of APIs or good contracts.
Within the assertion, Jean-Jacques Barbéris, Head of Institutional and Company Shoppers, and ESG at Amundi, mentioned:
SAFO gives skilled buyers 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.
The place 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 sooner, decrease‑value transfers and 24/7 transferability of fund items. Chainlink’s community of information suppliers places SAFO’s fund worth immediately on the blockchain and acts because the connector between Ethereum, Stellar, and conventional techniques. This provides tokenized funds a safe, standardized approach to share data, constructing on assessments Chainlink has already run with DTCC and different main establishments.
SAFO is Amundi’s second tokenized fund in a couple of months. Again 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 prime 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 subsequent leg of the crypto cycle is pushed by tokenized money, bonds, and funds moderately than purely speculative DeFi.
ETH trades for $2k on the each day chart. Supply: ETHUSDT on Tradingview
Cowl picture from Perplexity, ETHUSDT chart from Tradingview
Editorial Course of for bitcoinist is centered on delivering completely researched, correct, and unbiased content material. We uphold strict sourcing requirements, and every web page undergoes diligent assessment by our group of prime expertise specialists and seasoned editors. This course of ensures the integrity, relevance, and worth of our content material for our readers.
