Amundi Enters Tokenized Finance with $100M SAFO Fund

Amundi, Europe's largest asset manager, has entered the world of tokenized finance with the launch of its SAFO fund, a $100 million tokenized cash fund designed for institutional investors. The SAFO (Spiko Amundi Overnight Swap Fund) is built on the principles of blockchain-based finance and operates on both Ethereum and Stellar blockchains.

The fund's primary objective is to provide overnight liquidity and yields that aim to exceed risk-free benchmarks, making it an attractive option for institutions seeking efficient cash management solutions. By leveraging blockchain technology, Amundi aims to eliminate traditional friction points associated with legacy financial systems, such as cut-off times and batch processing.

The SAFO fund's regulatory framework is anchored in the French-regulated SPIKO SICAV structure, which ensures compliance with established financial standards while incorporating blockchain functionality. The infrastructure for pricing and cross-chain coordination is powered by Chainlink, providing automated onchain net asset value reporting and data synchronization between networks.