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Amundi and Spiko Launch $100 Million Tokenized UCITS Fund on Ethereum and Stellar

Chainlink publishes NAV on-chain to deliver regulated, programmable access for institutional treasury.

Overview

  • SAFO, a sub-fund of SPIKO SICAV under French law, is live for eligible institutional investors with shares recorded on Ethereum and Stellar.
  • The fund uses fully collateralized total‑return swaps with top‑tier banks to target yields above risk‑free rates while preserving overnight liquidity.
  • Subscriptions and redemptions start from one unit in EUR, USD, GBP, or CHF, with 24/7 transferability and near‑instant settlement.
  • Chainlink automates on‑chain NAV reporting and provides secure cross‑chain interoperability for the fund’s operations.
  • Amundi serves as delegated investment manager, CACEIS is depositary and administrator, and Spiko handles transfer agency, tokenization infrastructure, and API‑enabled distribution, with plans to expand network support.