Amundi Unveils $100M Tokenized Fund SAFO on Ethereum and Stellar, Integrating Chainlink

Amundi, Europe's largest asset manager, has launched SAFO, a tokenized fund developed with Spiko, backed by $100 million in committed assets under management. The move underscores accelerating institutional adoption of blockchain-based finance within Europe's regulated market framework. Jean-Jacques Barbéris said the product is designed to give professional investors faster, more transparent access to cash-management tools, adding that the initiative supports Amundi's push to expand tokenized solutions. Spiko CEO Paul-Adrien Hyppolite said clients will benefit from the firm's issuance and distribution infrastructure. SAFO is structured as a tokenized overnight swap fund, using fully collateralized total return swaps with top-tier banks to target stable returns above risk-free benchmarks while preserving overnight liquidity. The fund operates on both Ethereum and Stellar, and allows subscriptions in EUR, USD, GBP, or CHF starting from a single unit. Amundi and Spiko say the onchain setup enables near-instant settlement, real-time visibility into the shareholder register, flexible custody options, and continuous global transferability. API and smart-contract access is also positioned to support integration with digital-first financial systems. Chainlink is used to publish net asset value (NAV) data onchain, linking offchain financial information to blockchain execution. The integration highlights the growing role of oracle networks as tokenized real-world asset initiatives shift from pilots to production deployments. Market sentiment online was broadly supportive, with users pointing to Amundi's reported €2.3 trillion balance sheet as a signal that onchain distribution is increasingly becoming a standard requirement for large asset managers. Tags: Ripple (XRP)