Amundi Launches First Tokenized Fund with Chainlink Infrastructure

Amundi, a leading European asset management firm, has made a significant move into the world of tokenized funds with the launch of its first such product. The Spiko Amundi Overnight Swap Fund (SAFO) is a tokenized mutual fund built on public blockchain infrastructure and operates under an EU-regulated UCITS structure.

The UCITS framework provides regulatory compliance and allows SAFO to be distributed across European Union member states without additional approval. This is a significant advantage, as it enables the fund to tap into a vast distribution network that spans multiple jurisdictions.

Chainlink plays a crucial role in enabling the fund's operations, providing automated net asset value reporting and secure cross-chain interoperability. These functions are essential for institutional-grade tokenized funds, allowing them to operate efficiently and securely across different blockchain environments.