Amundi, Europe’s largest asset manager with €2.3 trillion in assets under management, and Spiko, a leading European fund tokenization platform, launched the Spiko Amundi Overnight Swap Fund (SAFO), a tokenized money market fund for institutional, corporate treasury, and collateral management.
SAFO offers stable, high-yield overnight liquidity by utilizing fully collateralized total return swaps on Ethereum and Stellar, providing 24/7 transfers, near-instant settlement, and real-time transparency.
Amundi serves as SAFO’s delegated investment manager, with premier global asset servicing group CACEIS acting as depositary bank and fund administrator. Spiko serves as transfer agent, tokenization platform, and broker for the fund shares.
Industry-leading decentralized oracle platform Chainlink provides the infrastructure to record SAFO’s net asset value (NAV) data onchain.
Having enabled over $28 trillion in transaction value, Chainlink’s services are essential for creating and securing tokenized real-world assets such as tokenized funds. Following collaborations with the DTCC as well as Fidelity International and Sygnum, Chainlink has emerged as the preferred way to deliver key NAV and reserve data for tokenized funds onchain.
In 2024, Spiko and CACEIS integrated Chainlink’s infrastructure to deliver NAV data for the Spiko money market funds on Ethereum. Last year, Spiko integrated Chainlink’s Cross-Chain Interoperability Protocol (CCIP) to facilitate the secure, compliant movement of more than $380 million in regulated onchain money market funds across multiple blockchains.
“SAFO provides professional investors with fast and transparent access to cash management solutions,” said Jean-Jacques Barbéris, Head of Institutional and Corporate Clients and ESG at Amundi, in an official announcement.
“Clients will benefit from the reliability of Spiko’s fund issuance and distribution infrastructure,” added Paul‑Adrien Hyppolite, Spiko’s co-founder and CEO.
Chainlink Labs’ Chief Business Officer, Johann Eid, highlighted the milestone on X, writing, “One by one, every tokenized asset is adopting the Chainlink standard, amplifying the network effect and distribution by the day.”