Europe’s largest asset manager Amundi debuts $100 million tokenized fund on Ethereum, Stellar

Amundi, Europe’s largest asset manager with $2.3 trillion in assets under management, has launched the Spiko Amundi Overnight Swap Fund (SAFO), a $100 million tokenized fund operating on both Ethereum and Stellar blockchains. This marks Amundi’s second venture into blockchain-based funds in five months, following a tokenized money market fund issued in November. SAFO is designed to meet the treasury and collateral needs of corporations and financial institutions, offering fully collateralized total return swaps with top-tier banks and supporting four currencies: EUR, USD, GBP, and CHF. The fund provides benefits such as near-instant settlement, flexible custody, real-time transparency, and 24/7 transferability. Amundi manages the investment, CACEIS handles depositary and administration, Spiko acts as the transfer agent and tokenization platform, and Chainlink provides the infrastructure for on-chain Net Asset Value recording. The fund is currently available to professional investors through Spiko, with plans for wider API-enabled distribution. This launch contributes to the rapidly growing tokenization of real-world assets, which currently has a market cap of nearly $52 billion.

(Source：The Block)