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Amundi, Spiko Debut Tokenized UCITS Fund With $100 Million Committed

The UCITS-compliant SICAV targets treasury teams using on-chain NAV automation alongside 24/7, near-instant operations.

Overview

  • SAFO launches as a live tokenized fund on Ethereum and Stellar, with Chainlink providing automated on-chain NAV reporting and cross-chain interoperability.
  • Structured as a sub-fund of SPIKO SICAV under French law, the vehicle adheres to UCITS rules for regulated access by eligible investors.
  • Investors can transfer shares at any time with near-instant settlement, subscribing and redeeming in EUR, USD, GBP, or CHF starting from one unit.
  • The fund uses fully collateralized total‑return swaps with top‑tier banks to generate yields while preserving overnight liquidity for cash management.
  • Operational roles are defined with Amundi as delegated investment manager, CACEIS as depositary and administrator, and Spiko as transfer agent and tokenization platform, with access via the Spiko platform and API-based distribution and network expansion planned.