Amundi Launches €2.4 Trillion Backed UCITS Fund on Solana

Amundi, Europe's largest asset manager, has made its entry into the Solana blockchain by launching the SAFO UCITS fund. The fund is a tokenized sub-fund under the SPIKO SICAV structure and is backed by €2.4 trillion in assets under management.

The SAFO fund implements total return swap contracts with BNP Paribas as a counterparty, providing full backing for the fund. This move comes as US Solana spot ETFs have crossed $1 billion in assets under management, indicating growing institutional adoption of the Solana blockchain.