Amundi, Europe’s largest asset supervisor, is launching Spiko Amundi In a single day Swap Fund (SAFO), a tokenized fund on Ethereum and Stellar beginning with roughly $100 million in dedicated belongings.
Conventional fund with tokenized wrapper
Traditionally, establishments related to TradFi have discovered methods to maintain up with the crypto curve for tokenized belongings. In an announcement revealed on Amundi’s web site, the funding fund introduced its collaboration with Spiko, an expert tokenization platform regulated by French legislation, to launch SAFO as a tokenized sub-fund of SPIKO SICAV.
𝗟𝗜𝗩𝗘: Amundi (€2.3 trillion AUM), Europe’s largest asset supervisor, and Spiko are launching a brand new tokenized mutual fund (SAFO) powered by Chainlink.
Chainlink is how the world’s main establishments and tokenization platforms unlock the issuance and distribution of tokenized funds. pic.twitter.com/2GQshwqCrC
— Chainlink (@chainlink) March 19, 2026
Structurally, SAFO is a standard fund with a tokenized wrapper. It’s designed for company treasury and collateral administration, “on-chain money parking” with low danger and next-day liquidity. The fund invests utilizing absolutely collateralized whole return swaps with top-tier banks and goals to offer steady returns barely above the risk-free charge, whereas permitting traders to get their a reimbursement in a single day. Varied currencies (EUR, USD, GBP, CHF) are supported and subscriptions begin from 1 unit. That is very low in comparison with institutional grade money merchandise.
The corporate emphasised that the fund allows near-instant settlements, helps a number of methods to carry belongings, offers real-time visibility into shareholder registers, and permits fund shares to maneuver globally across the clock by way of automated entry by way of APIs or good contracts.
In an announcement, Jean-Jacques Barbéris, head of institutional and company purchasers and ESG at Amundi, mentioned:
SAFO offers skilled traders with quick and clear entry to money administration options. This plan is a part of our ambition to contribute to the development of tokenized options.
The place Ethereum Comes In
The shareholder register and fund shares are on Ethereum and Stellar, Ethereum was chosen for its good contract and DeFi configurability, whereas Stellar helps sooner and cheaper transfers and 24/7 transferability of funds models. Chainlink’s knowledge supplier community locations SAFO’s treasury worth immediately on the blockchain and acts as a connector between Ethereum, Stellar, and present methods. This offers tokenized funds a safe and standardized approach to share data and builds on assessments Chainlink has already run with DTCC and different main establishments.
SAFO is Amundi’s second tokenized fund in as many months. Final November, as reported, the fund teamed up with CACEIS, one among Europe’s main asset service suppliers and cash switch brokers, to launch a share class of a tokenized cash market fund on Ethereum.
Amundi’s new enterprise expands the universe of tokenized cash market merchandise from gamers comparable to BlackRock and Franklin Templeton, the world’s largest asset managers, and strengthens Ethereum’s place as the first fee layer for institutional RWAs.
The €2.3 trillion at the moment tied to Ethereum and Chainlink solidifies the thesis that the subsequent part of the cryptocurrency cycle can be pushed by tokenized money, bonds and funds quite than purely speculative DeFi.
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