Regulated, on-chain asset management is advancing as amundi tokenized fund SAFO, backed by Chainlink, focuses on institutional use.
Europe’s largest asset manager is going deeper into the blockchain with an Amundi tokenized fund that aims to bring traditional finance on-chain in a regulated manner.
Amundi and Spiko unveil SAFO with $100 million in assets
AmundiEurope’s largest asset manager, has launched a new tokenized product called the Spiko Amundi Overnight Swap Fund (SAFO), in collaboration with Spiko. The fund debuts with $100 million in committed assets, targeting institutional use cases such as corporate treasury and collateral management.
The vehicle is structured as a tokenized version of a traditional fund and is designed to meet this requirement EU ruleswhich can strengthen investor confidence. Moreover, Amundi already arranges it €2 trillion in assets, so a move of this magnitude sends a clear signal that major financial institutions are increasingly willing to experiment with blockchain technology.
This launch is positioned as a step beyond pilot projects. Rather than a limited proof-of-concept, SAFO is being introduced as a living product intended for real-world capital markets activity, which could accelerate adoption among more conservative investors.
How the SAFO tokenized structure works
SAFO focuses on nightly exchange strategies aimed at relatively stable returns with lower risk that meet short-term liquidity management needs. That said, it remains a market-based product, so performance is still dependent on prevailing conditions in the interest rate and financing markets.
The fund operates on a dual-chain architecture that integrates both Ethereum And Stellar. Ethereum supports smart contracts and potential decentralized financial integrations, while Stellar is used to enable faster and cheaper transfers, especially for payment-like flows and cross-border movements.
This double arrangement is intended to provide almost-24/7 value transfers and reducing operational friction for institutions. However, it also requires robust coordination between the chains to maintain a consistent view of the ownership, settlement and valuation of funds across both networks.
Access to multiple currencies and low entry barrier
SAFO supports multiple major currencies including €, USD, GBPAnd CHFmaking it more accessible to a global investor base. Additionally, investors can participate from as little as one unit, lowering the barriers to entry compared to many traditional institutional products that typically require higher minimum allocations.
Because the tokenized setup removes some legacy infrastructure limitations, the fund can offer more flexible access and potentially smoother subscription and redemption processes. That said, actual availability will still depend on local investor regulations, platform integrations and institutional onboarding requirements.
Chainlink’s role in transparency and cross-chain reliability
Chain link plays a central role in the SAFO design through her Oracle infrastructure. Oracles are systems that connect off-chain data to blockchains. In this case, Chainlink is used to record the fund’s data Net asset value (NAV) directly in the chain, providing near real-time valuation updates.
Publishing the NAV on public networks makes the fund’s valuation process more transparent and easier to verify. Anyone with access to the relevant smart contracts can independently check the chain’s NAV data, which can increase confidence in pricing and reporting.
Chainlink also helps coordinate cross-chain data so that both Ethereum and Stellar share a consistent view of key metrics such as NAV and other operational parameters. This reduces the risk of discrepancies between the two ledgers and supports smoother interaction between different parts of the infrastructure.
A broader shift towards tokenization of traditional finance
The creation of SAFO is part of a much broader movement in the traditional financial world towards tokenization, where real-world assets are represented as digital tokens on blockchain networks. This approach promises faster settlement, improved transparency and potentially lower costs for both issuers and investors.
Tokenized products can in principle be traded or transferred 24/7escaping traditional market hours. Additionally, they can be more easily integrated with programmable financial tools, such as automated collateral management or on-chain liquidity provision, which could change the way funds are used in corporate treasury workflows.
Amundi has already tested blockchain-based solutions in previous initiatives, but SAFO marks a progression toward active deployment at scale. Other major companies are exploring similar tokenized mutual fund structures, suggesting this segment could evolve rapidly in the coming years as more regulated products go live.
Implications for investors and market infrastructure
For investors, the Spiko Amundi SAFO offers potential benefits such as more direct access to global fund exposure, faster settlement speeds and improved tracking via on-chain records. However, it also exposes them to the operational and technological risks associated with relatively new blockchain-based systems.
Regulatory frameworks surrounding tokenized securities and funds are still evolving in many jurisdictions. That said, a regulated structure, backed by a major asset manager, can help bridge the gap between existing rules and the emerging digital asset infrastructure, giving institutions a clearer path to adoption.
The Amundi tokenized fund initiative highlights how core elements of finance, from valuation to settlement, can gradually move up the chain. For now, SAFO is a single product with $100 million in assets, but it signals how capital markets may gradually evolve as tokenized vehicles become more common.
In summary, the collaboration between Amundi, Spiko and Chainlink shows how established financial institutions are using blockchain, multi-chain design and Oracle technology to build regulated, transparent and potentially more efficient fund structures that could reshape asset management over time.