Amundi bringt tokenisierten SAFO-Fonds auf den Markt! Europäischer Vermögensverwalter-Riese drängt in den RWA-Markt mit 52 Milliarden Dollar

Amundi introduces SAFO tokenized fund, combining Ethereum, Stellar, and Chainlink to enter corporate funding and collateral management, accelerating the infrastructure development of the RWA market.

Amundi launches tokenized fund to target corporate funding and collateral management

Europe’s largest asset management company, Amundi, recently announced the launch of a new tokenized fund, the “Spiko Amundi Overnight Swap Fund (SAFO),” marking its further entry into the real-world assets (RWA) market. The fund is issued in partnership with the tokenization platform Spiko, using a French-regulated SICAV sub-fund structure, primarily focusing on corporate and financial institution funding and collateral needs.

At launch, SAFO committed approximately $100 million in assets, offering four currencies: EUR, USD, GBP, and CHF. The product is designed as a cash-like instrument, utilizing a total return swap with large banks as collateral, maintaining overnight liquidity while seeking returns above risk-free rates.

Amundi acts as the investment manager, with CACEIS responsible for fund custody and administration, while Spiko provides tokenization infrastructure and transfer agency services, demonstrating the gradual integration of traditional finance with blockchain infrastructure.

On-chain mechanisms and real-time settlement, tokenized funds moving towards infrastructure

Technologically, SAFO adopts a dual-chain design, issuing on both Ethereum and Stellar networks. Ethereum offers smart contract and DeFi integration capabilities, while Stellar emphasizes low-cost and fast transfers, enabling the fund to operate across borders 24/7.

Additionally, the fund integrates Chainlink to bring net asset value (NAV) on-chain, enabling real-time transparent pricing. Through APIs and smart contracts, programmable access is provided, allowing enterprises to directly incorporate the fund into their financial and treasury management systems.

Image source: X/@chainlink SAFO introduces Chainlink to bring NAV on-chain, enabling real-time transparent pricing

Compared to traditional blockchain-wrapped money market funds, SAFO emphasizes “operability,” including near-instant settlement, flexible custody, and borderless transfers, gradually transforming tokenized funds into part of corporate financial operations rather than mere investment products.

Amundi also states that investors can subscribe and redeem starting from as little as 1 unit, lowering entry barriers and expanding use cases for professional investors.

RWA market rapidly expanding, nearing $52 billion

Amundi’s move coincides with rapid growth in the RWA market. According to data from The Block, the on-chain tokenized real-world assets have grown from $15.2 billion at the start of 2025 to nearly $52 billion today, indicating an accelerating trend of assets going on-chain. In terms of public blockchains, Ethereum remains the largest market with approximately $17.85 billion in tokenized assets, followed by Provenance blockchain with about $15.84 billion.

Image source: 《The Block》 On-chain tokenized real-world assets have grown to nearly $52 billion

Meanwhile, market participants are expanding. Besides Amundi and Spiko, products like BlackRock’s BUIDL and Circle’s USYC have also rapidly accumulated assets, intensifying competition in tokenized cash management and short-term asset markets.

Spiko previously announced that its platform’s asset management scale exceeded $1.03 billion, with over 92% of assets from corporate clients, indicating that RWA applications are starting to be adopted by institutions.

Traditional asset managers entering, tokenized finance gradually mainstream

Amundi manages over €2.3 trillion in assets, and the launch of SAFO is seen as an important extension of its digital asset strategy. As early as the end of 2025, the company had issued tokenized shares of a money market fund on Ethereum; this time, it further expands to more operational capital management tools.

Further reading
Managing €2.3 trillion assets! Amundi launches its first tokenized share, officially on Ethereum

From a market perspective, tokenized finance is gradually moving from concept validation to practical application. Companies no longer see blockchain solely as an investment target but are beginning to incorporate it into daily financial operations, including fund allocation, collateral liquidity, and cross-border settlements.

With major asset management firms entering the space, the development direction of RWA tokenization is becoming clearer. Future competition will focus not just on asset on-chain but on who can truly transform these assets into programmable, liquid, and integrated financial infrastructure.

This content is summarized by Crypto Agent from various sources, reviewed and edited by Crypto City. It is still in training, so there may be logical biases or inaccuracies. The content is for reference only and not investment advice.