The Spiko Amundi Overnight Swap Fund (SAFO), a blockchain-based tokenized mutual fund, has reached $400 million in assets under management within three weeks of its launch, leveraging Chainlink technology across Ethereum and Stellar networks for data and operations.
Amundi and Spiko collaborate on blockchain-based fund
Amundi, recognized as one of Europe’s largest asset management firms with approximately €2.3 trillion under management, worked alongside Spiko, a fintech company focusing on tokenized financial products, to create the SAFO fund as a regulated overnight swap product.
Launched as a tokenized mutual fund, SAFO is structured to offer digital representations of fund shares on blockchain infrastructure, streamlining traditional fund operations with newer technology integrations.
SAFO’s asset inflow has seen considerable acceleration, positioning it among the marketplace’s fastest-growing blockchain-based mutual funds and attracting significant interest from both institutional and individual investors after its introduction.
The rapid accumulation of assets reflects broader momentum in tokenized finance, as more investment products migrate toward distributed ledger systems for operational efficiency and investor transparency.
Through the partnership, Spiko provided its expertise in developing blockchain-based products tailored to regulated investment structures, while Amundi contributed its established presence and compliance resources in asset management.
The SAFO fund operates as a regulated structure with tokenized units, designed for compatibility with existing market regulations and investor protections.
Chainlink enables automated NAV reporting and cross-chain operations
Chainlink provides automated net asset value (NAV) reporting for SAFO, processing and delivering NAV data across both traditional finance interfaces and blockchain networks, and minimizing manual intervention in valuation processes.
This system enables synchronized pricing and fund value updates across multiple digital and conventional platforms, supporting a consistent and transparent reporting workflow for participants in different environments.
Chainlink also validates external market data feeds integrated into the NAV calculations, supporting data integrity and accuracy across the fund’s reporting infrastructure.
The fund’s multi-chain deployment across Ethereum and Stellar increases accessibility for investors and distribution platforms, while Chainlink’s cross-chain functionality allows continuous fund representation and interaction between networks.
Chainlink Reserve increases LINK holdings amid fund growth
Chainlink Reserve, responsible for managing reserves that support the Chainlink ecosystem, has recently accumulated 131,656.26 LINK, raising its total holdings to over 3 million LINK tokens.
This acquisition positions the Chainlink Reserve among the thirty-five largest holders of LINK, as tracked through blockchain transparency tools and public ledgers, underscoring ongoing accumulation trends within Chainlink’s treasury framework.
Ongoing increases in the reserve’s LINK balance reflect a broader pattern of inflows into the Chainlink ecosystem, which underpins oracle and interoperability services for decentralized and tokenized financial products like SAFO.
