Amundi Enters Institutional Tokenization With $100M SAFO Fund

Amundi, one of Europe's leading asset managers, has taken a significant step towards mainstreaming blockchain technology with the launch of SAFO, a $100 million tokenized fund. Developed in partnership with Spiko, this innovative product leverages the capabilities of Ethereum and Stellar blockchains to provide institutional investors with fast and transparent access to cash management solutions.

The fund's design showcases how quickly tokenized finance is maturing. By combining traditional engineering with blockchain delivery, SAFO offers a familiar product wrapper that operates on new rails. It uses fully collateralized total return swaps with top-tier banks to target stable yields above risk-free benchmarks while preserving overnight liquidity.