Amundi Launches Tokenized SAFO Fund with Spiko

Amundi, Europe's largest asset manager with more than 2.3 trillion euros in assets under management, launched a new tokenized fund on March 19, 2026, in partnership with fintech platform Spiko. The Spiko Amundi Overnight Swap Fund, known as SAFO, operates as a subfund of SPIKO SICAV under French law and begins with 100 million euros in committed assets, targeting institutional investors for cash management and treasury operations.

The fund issues shares on the Ethereum and Stellar blockchains, enabling around-the-clock transferability, near-instant settlement, and borderless access. Unlike traditional money market funds, SAFO employs fully collateralized total return swaps with top-tier banks, including BNP Paribas, Société Générale, Crédit Agricole CIB, Goldman Sachs, JP Morgan, Citi, Morgan Stanley, Barclays, UBS, and HSBC. These swaps allow the fund to generate yields above risk-free benchmarks while preserving overnight liquidity. The product supports four currencies: the euro, US dollar, pound sterling, and Swiss franc, with subscriptions and redemptions available from a minimum of one unit in each.

Chainlink provides decentralized oracle infrastructure to publish the...