Amundi Taps Chainlink for Tokenized Fund Launch

Amundi, Europe’s largest asset manager, has launched a new tokenized fund. The fund is called SAFO, short for Spiko Amundi Overnight Swap Fund. It starts with $100 million in committed assets

This is a strong beginning for a new product. The fund also follows EU rules, which adds trust for investors. Amundi manages over €2 trillion in assets. So when it makes a move like this, the market pays attention. This launch shows that big finance firms are slowly moving into blockchain.

How the Fund Works?

SAFO is a tokenized version of a traditional fund. It focuses on overnight swap strategies. This means it aims for steady and low-risk returns. The fund runs on two blockchains. It uses Ethereum and Stellar. Ethereum helps with smart contracts and DeFi use. Stellar helps with fast and cheap payments.

It also supports many currencies. These include EUR, USD, GBP and CHF. Even better, users can enter with just one unit. This makes it easy for more people to join. Because of this setup, the fund is more flexible than traditional options.

Chainlink Powers On-Chain Data

Chainlink plays a key role in this project. It provides Oracle services for the fund. Oracles connect real-world data to the blockchain. In this case, Chainlink records the fund’s net asset value (NAV) on-chain. This means the fund’s value updates in a clear and secure way. Anyone can verify the data

Chainlink also helps with cross-chain support. So the fund can work smoothly across Ethereum and Stellar. Because of this, the system becomes more reliable and transparent.

A Bigger Shift Toward Tokenization

This launch is part of a larger trend. Traditional finance is moving toward tokenization. Tokenization means turning real assets into digital tokens. These tokens can be traded on blockchain networks. This brings many benefits.

For example, markets can run 24/7. Costs can go down and access becomes easier for users. Amundi has already tested blockchain before. But this new fund takes things further. It shows real use, not just experiments. Other big firms are also exploring similar ideas. So this space is growing fast.

What This Means for Investors?

For investors, this Swap Fund could open new doors. They may get easier access to global funds. They may also see faster transactions and better tracking. At the same time, risks still exist. Blockchain systems are new. Rules may change over time.

However, strong players like Amundi entering this space add confidence. For now, SAFO is just one fund. But it shows where things are heading. Finance is slowly moving on-chain. And this shift is just getting started.