€2.3 trillion asset manager Amundi launches tokenized fund on Ethereum and Stellar

Amundi, Europe's largest asset manager with over €2.3 trillion in assets, has launched the Spiko Amundi Overnight Swap Fund (SAFO), a tokenized instrument designed for treasury and collateral management for institutions. Structured as a sub-fund of SPIKO SICAV, SAFO uses fully collateralized total return swaps to offer yields above risk-free benchmarks while maintaining overnight liquidity, launching with $100 million in committed AUM. The fund's shares are recorded on both Ethereum and Stellar, with Chainlink publishing the Net Asset Value (NAV) on-chain. This launch expands Amundi's digital asset strategy and demonstrates the evolution of tokenization beyond simple money market wrappers into working financial infrastructure for treasury operations, offering near-instant settlement and programmable finance capabilities.

(Source：Crypto Briefing)