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Amundi and Spiko Finance Launch Tokenized Mutual Fund SAFO

Amundi and Spiko Finance Launch Tokenized Mutual Fund SAFO

Amundi launched the $100 million Spiko Amundi Overnight Swap Fund on Ethereum and Stellar for institutional cash and collateral management, with subscriptions and redemptions available in four major currencies.

ETH
XLM

Fact Check
The statement is directly supported by Amundi's official press release (https://int.media.amundi.com/article/spiko-and-amundi-introduce-safo), which confirms the launch of the SAFO fund and Chainlink's role in providing the on-chain NAV infrastructure.
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Summary

Amundi and Spiko launched SAFO, identified in the new report as the $100 million tokenized Spiko Amundi Overnight Swap Fund, on Ethereum and Stellar. The fund is designed for institutional cash and collateral management and provides overnight liquidity through collateral yield swaps. The new information adds that subscriptions and redemptions support EUR, USD, GBP, and CHF, expanding on earlier details that the French-regulated tokenized fund offers multi-currency access and continuous transferability.

Terms & Concepts
  • Ethereum: A blockchain network used to issue and manage digital assets and smart-contract-based financial products.
  • Stellar: A blockchain network focused on payments and asset issuance, often used for efficient transfers of tokenized assets.
  • Tokenized: Represented on a blockchain as digital tokens, allowing ownership and transfers to be recorded and processed on-chain.