{"id":"spiko-amundi-overnight-swap-fund-eur","title":"Spiko Amundi Overnight Swap Fund EUR","content":"The Spiko Amundi Overnight Swap Fund (EUR) (EURSAFO) is a tokenized UCITS fund developed by Spiko and Amundi. The fund is structured to provide exposure to euro-denominated short-term financial instruments through a blockchain-based share registry.\n\nLaunched in March 2026, the fund records ownership across multiple blockchain networks, including Ethereum, Polygon PoS, and Arbitrum.[ \\[1\\]](#cite-id-TMR1NJEulSA2GWN1)​[\\[2\\]](#cite-id-M2SPE8FJJ0iQgCxQ) [\\[1\\]](#cite-id-TMR1NJEulSA2GWN1)  [\\[2\\]](#cite-id-M2SPE8FJJ0iQgCxQ) \n\n## Overview\n\nEURSAFO is managed within the UCITS regulatory framework. Amundi acts as the delegated investment manager, while Spiko provides the tokenization infrastructure associated with the fund's digital share registry.\n\nThe fund utilizes a tokenized structure that represents ownership interests in the underlying investment vehicle. Its operations combine traditional fund management processes with blockchain-based recordkeeping. [\\[1\\]](#cite-id-TMR1NJEulSA2GWN1)  [\\[2\\]](#cite-id-M2SPE8FJJ0iQgCxQ)  [\\[3\\]](#cite-id-E0MShmVXiIlxR0Yw)  [\\[4\\]](#cite-id-samlI3Bhpl1nPd9q)  [\\[5\\]](#cite-id-GHoaFrYd1nSttmeh)  [\\[6\\]](#cite-id-FRRzGbImg67QzlkO) \n\n## Technology\n\nThe fund uses a fully collateralized Total Return Swap (TRS) structure involving financial counterparties, including BNP Paribas. Under this arrangement, the fund's performance is linked to the return generated through the swap agreement.\n\nShare ownership records are maintained on public blockchain networks. Ethereum, Polygon PoS, and Arbitrum are among the supported networks used for recording and transferring tokenized fund shares.\n\nThe tokenization framework enables the issuance, transfer, and redemption of fund shares through blockchain infrastructure while remaining subject to applicable regulatory requirements. [\\[4\\]](#cite-id-samlI3Bhpl1nPd9q)  [\\[5\\]](#cite-id-GHoaFrYd1nSttmeh)  [\\[6\\]](#cite-id-FRRzGbImg67QzlkO) \n\n## Investment Structure\n\nThe fund's portfolio consists primarily of short-term euro-denominated financial exposures obtained through its investment structure.\n\nPortfolio components may include:\n\n* Euro cash deposits;\n* Short-term financial instruments;\n* Collateralized derivative arrangements;\n* Liquidity management positions.\n\nThe composition of the portfolio may change according to investment and operational requirements. [\\[1\\]](#cite-id-TMR1NJEulSA2GWN1)  [\\[2\\]](#cite-id-M2SPE8FJJ0iQgCxQ)  [\\[3\\]](#cite-id-E0MShmVXiIlxR0Yw) \n\n## Token Structure\n\nEURSAFO tokens represent ownership interests in the fund rather than functioning as an independent cryptocurrency.\n\nCharacteristics reported for the fund include:\n\n* A circulating supply of approximately 365.6 million tokens;\n* No subscription fees;\n* No redemption fees;\n* A management fee of 0.25%;\n* Blockchain-based ownership records.\n\nToken issuance and redemption are linked to the underlying fund structure. [\\[1\\]](#cite-id-TMR1NJEulSA2GWN1)  [\\[3\\]](#cite-id-E0MShmVXiIlxR0Yw)  [\\[5\\]](#cite-id-GHoaFrYd1nSttmeh) \n\n## Ecosystem\n\nThe fund's tokenized shares are available on multiple blockchain networks, including Ethereum, Polygon PoS, and Arbitrum.\n\nThe multi-chain approach allows fund shares to be recorded and transferred across different blockchain environments while maintaining a unified underlying fund structure. [\\[2\\]](#cite-id-M2SPE8FJJ0iQgCxQ)  [\\[4\\]](#cite-id-samlI3Bhpl1nPd9q)  [\\[6\\]](#cite-id-FRRzGbImg67QzlkO) \n\n​","summary":"Spiko Amundi Overnight Swap Fund (EUR) is a tokenized UCITS fund offering stable yields above the €STR benchmark through total return swaps with Tier 1 banks, ensuring capital preservation and liquidity.","images":[{"id":"QmTdbgtoceC8ge6NMstHAQi29qC5ExcrH2vgfE7VGqNHaR","type":"image/jpeg, image/png"}],"categories":[{"id":"cryptoassets","title":"cryptoassets"}],"tags":[{"id":"Token"},{"id":"RWA"},{"id":"Ethereum"},{"id":"DeFi"},{"id":"Base"}],"media":[{"id":"QmWaWXFxC5btviFzQtL58WjswzdRNpeGKaQ9FjKpukbxJR","type":"GALLERY","source":"IPFS_IMG"},{"id":"QmQcKGCYFrcsWuZetYqq7Gvkjc9M2bRJfTuVg772C6hBL7","name":"Cópia de Design sem nome (4).png","caption":"","thumbnail":"QmQcKGCYFrcsWuZetYqq7Gvkjc9M2bRJfTuVg772C6hBL7","source":"IPFS_IMG"}],"metadata":[{"id":"references","value":"[\n  {\n    \"id\": \"TMR1NJEulSA2GWN1\",\n    \"url\": \"https://app.rwa.xyz/assets/eurSAFO\",\n    \"description\": \"RWA\",\n    \"timestamp\": 1780348541966\n  },\n  {\n    \"id\": \"M2SPE8FJJ0iQgCxQ\",\n    \"url\": \"https://www.spiko.io/spiko-euro\",\n    \"description\": \"Spiko Euro\",\n    \"timestamp\": 1780348541966\n  },\n  {\n    \"id\": \"E0MShmVXiIlxR0Yw\",\n    \"url\": \"https://www.coingecko.com/en/coins/spiko-amundi-overnight-swap-fund-eur/\",\n    \"description\": \"CoinGecko\",\n    \"timestamp\": 1780348541966\n  },\n  {\n    \"id\": \"samlI3Bhpl1nPd9q\",\n    \"url\": \"https://www.coinex.com/en/academy/wiki/5963-spiko-amundi-overnight-swap-fund-eur-eursafo-performance-history-explained\",\n    \"description\": \"CoinEx Academy\",\n    \"timestamp\": 1780348541966\n  },\n  {\n    \"id\": \"GHoaFrYd1nSttmeh\",\n    \"url\": \"https://burner.pro/tokens/eth/base/EURSAFO\",\n    \"description\": \"Burner\",\n    \"timestamp\": 1780348541966\n  },\n  {\n    \"id\": \"FRRzGbImg67QzlkO\",\n    \"url\": \"https://www.spiko.io/academy/money-market-funds\",\n    \"description\": \"Spiko Academy\",\n    \"timestamp\": 1780348541966\n  }\n]"},{"id":"website","value":"https://www.spiko.io/spiko-euro"},{"id":"twitter_profile","value":"https://twitter.com/Spiko_finance"},{"id":"commit-message","value":"\"Added EURSAFO tokenized UCITS fund overview with Ethereum, Polygon, Arbitrum details\""}],"events":[{"id":"3041366b-2f04-4065-b95c-bf1848c2d323","date":"2026-03-19","title":"Fund Launch","type":"CREATED","description":"Spiko Amundi Overnight Swap Fund (EUR) launched, offering stable yields via total return swaps.","link":null,"continent":"EUROPE","country":"France"}],"user":{"id":"0x8af7a19a26d8fbc48defb35aefb15ec8c407f889"},"author":{"id":"0x8af7a19a26d8fbc48defb35aefb15ec8c407f889"},"operator":{"id":"0xd5893989b9952c6568a99F854795AcC5Ae480D56"},"language":"en","version":1,"linkedWikis":{"blockchains":["ethereum","polygon","arbitrum","base","starknet"],"founders":[],"speakers":[]}}