Amundi and Spiko Launch SAFO Tokenized Mutual Fund on Chainlink
Europe’s largest asset manager Amundi and Spiko said the SAFO fund, powered by Chainlink (blockchain data network), reached $400 million in assets under management within three weeks.
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Summary
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Terms & Concepts
Tokenized mutual fund: A mutual fund represented on blockchain rails, allowing fund ownership or operations to be recorded using digital tokens.
Chainlink: A blockchain data network that connects smart contracts (self-executing blockchain code) with external data and systems.
Assets under management: The total market value of assets that an investment manager oversees on behalf of clients.