Amundi Launches $100M Tokenized Fund SAFO on Ethereum and Stellar
Amundi has expanded its footprint in tokenized finance with the launch of the Spiko Amundi Overnight Swap Fund (SAFO), a $100 million fund deployed on both Ethereum and Stellar.
The newly introduced fund is designed to meet treasury and collateral management needs for corporations and financial institutions, offering trading in four major currencies: the euro, U.S. dollar, British pound, and Swiss franc.
SAFO provides near-instant settlement, flexible custody options, and full transparency of the shareholder register. It also enables 24/7 transfers without limits, alongside programmable access via APIs and smart contracts, positioning it as a modern liquidity management solution.
The fund operates as a fully collateralized total return swap system with major banks to ensure immediate liquidity. Under the structure, Amundi manages the investments, while CACEIS acts as custodian and fund administrator. Spiko provides the tokenization, registry, and trading infrastructure, and Chainlink delivers on-chain net asset value (NAV) reporting.
The launch marks another milestone in Amundi’s broader strategy to scale tokenized asset solutions, following its issuance of a tokenized money market fund on Ethereum five months ago.
By offering fast, transparent access to cash management solutions, SAFO targets professional investors and reinforces the growing role of tokenization in reshaping global financial markets.