Amundi Launches a New Tokenized Fund on Ethereum and Stellar
The asset management giant Amundi continues its tokenization strategy with the launch of the Spiko Amundi Overnight Swap Fund (SAFO), a fund of 100 million dollars. This new financial vehicle, based on the Ethereum and Stellar blockchains, aims to provide businesses and financial institutions with quick and transparent access to cash management solutions.
Thanks to Chainlink's Cross-Chain Interoperability Protocol (CCIP), the SAFO fund enables transactions in just a few minutes, contrasting with the delays of traditional funds. The shareholder register is hosted on both blockchains, with the possibility of extending to other networks. This initiative is part of the growing trend of tokenizing real-world assets (RWA) in traditional finance, as evidenced by the recent launch of a money market fund by BNP Paribas on Ethereum.
