Ethereum + Chainlink underpin Amundi’s $100M SAFO tokenized fund

Published: 2026-03-20 10:28:28 |

Amundi (€2.3T AUM) is launching the Spiko Amundi Overnight Swap Fund (SAFO), a $100M committed tokenized fund focused on corporate treasury and collateral management. The SAFO tokenized fund sits in a traditional UCITS fund structure with an on-chain share layer designed for near-immediate settlement and overnight liquidity. SAFO uses fully collateralized total return swaps with top-tier banks to target yields around (and slightly above) risk-free benchmarks, aiming to keep cash-equivalent stability. It supports EUR, USD, GBP, and CHF subscriptions from as little as 1 unit, with 24/7 transferability. New/expanded details: shares and the shareholder register are recorded on both Ethereum and Stellar, with Ethereum chosen for smart-contract/DeFi composability and Stellar for fast, low-cost transfers. Chainlink supplies on-chain data feeds to connect the tokenized system to traditional workflows (including references to DTCC-related testing). Amundi also positions SAFO as its second recent tokenized fund, after launching a tokenized Ethereum money-market share class with CACEIS. Why it matters for traders: this is a further RWA move from “wrappers” toward institutional cash management and programmable finance. It can reinforce Ethereum’s settlement-layer narrative as more regulated tokenized cash/fund distribution expands—supportive for ETH sentiment over time, though near-term price impact is likely limited by broader market factors.

Bullish

Bullish for ETH: SAFO is a regulated, fully collateralized tokenized fund that uses Ethereum as part of the shareholder/share accounting layer, with Chainlink bridging on-chain data to traditional finance workflows. That strengthens the narrative that institutional-grade RWA cash/fund distribution is expanding beyond experimental DeFi wrappers—supportive for Ethereum’s long-term settlement-layer credibility. Short-term: price reaction is likely modest because this is a niche fund launch (~$100M committed) and broader macro/liquidity still dominate ETH moves. Long-term: if more treasury/collateral products follow the same Ethereum + Chainlink integration pattern, it can increase perceived demand for Ethereum’s programmability and settlement infrastructure, supporting steadier sentiment and potential multiple expansion.