Amundi Launches $100M Tokenized Fund on Ethereum and Stellar

Europe’s largest asset manager, Amundi, has launched a $100 million tokenized fund on blockchain networks Ethereum and Stellar, marking a major step in bringing traditional finance on-chain. The product, called the Spiko Amundi Overnight Swap Fund (SAFO), is designed for institutional treasury and collateral management. 

The fund debuts with $100 million in committed assets, signaling that tokenization is moving beyond experimentation into real institutional deployment. 

A Hybrid Traditional Finance + Blockchain Product

SAFO is structured as a tokenized version of a traditional regulated fund, operating under French law as part of a SICAV framework. 

It uses fully collateralized total return swaps with major banks to deliver stable, low-risk yields while maintaining overnight liquidity, making it suitable for corporate cash management. 

Key features include:

• 24/7 transferability of fund shares on blockchain

• Near-instant settlement compared to traditional T+1 systems

• Multi-cy access (EUR, USD, GBP, CHF)

• Low minimum entry (as little as 1 unit of cy) 

This structure blends the stability of traditional finance with the efficiency of blockchain rails.

Built on Ethereum, Stellar, and Chainlink

The fund operates on a dual-chain architecture, leveraging:

• Ethereum for smart contracts and DeFi compatibility

• Stellar for faster, low-cost transfers

• Chainlink to publish real-time NAV (net asset value) data on-chain 

This setup allows for real-time transparency, programmable access, and cross-border functionality, solving key inefficiencies in traditional fund infrastructure.

Institutional-Grade Tokenization Goes Live

Unlike earlier blockchain experiments, SAFO is not a pilot—it’s a fully operational financial product designed for real capital flows. 

Amundi, which manages over €2.3 trillion in assets, is positioning tokenization as a core part of its long-term strategy. 

The fund is aimed primarily at:

• Corporations managing treasury reserves

• Financial institutions handling collateral

• Institutional investors seeking low-risk yield products

Why This Matters

Amundi’s launch represents one of the clearest signs yet that traditional finance is moving on-chain at scale.

By combining regulated fund structures with blockchain infrastructure, this product demonstrates how tokenization can:

• Enable 24/7 financial markets

• Improve transparency and settlement speed

• Expand access to institutional-grade products

• Integrate with programmable finance systems

More importantly, it signals that tokenization is evolving from a niche concept into core financial infrastructure for global capital markets.