{"id":"spiko-amundi-overnight-swap-fund","title":"Spiko Amundi Overnight Swap Fund","content":"**Spiko Amundi Overnight Swap Fund (SAFO)** is a tokenized UCITS fund focused on corporate treasury and collateral management. The fund was launched in March 2026 through a collaboration between Spiko, a provider of tokenized investment products, and Amundi, an asset management company. SAFO uses a structure based on fully collateralized total return swaps to provide exposure to overnight rates and related yield-generating strategies. [\\[1\\]](#cite-id-bWgyEyHD0RL7lGeo)  [\\[4\\]](#cite-id-1oaSi674sfwx5QX3) \n\n## Overview\n\nSpiko Amundi Overnight Swap Fund (SAFO) is a tokenized UCITS fund focused on corporate treasury and collateral management. The fund was launched in March 2026 through a collaboration between Spiko, a provider of tokenized investment products, and Amundi, an asset management company. Amundi acts as the delegated investment manager, while Spiko provides the technological infrastructure supporting the fund's tokenized operations.\n\nSAFO is available in EUR, USD, GBP, and CHF. Fund shares can be transferred on supported [blockchain](https://iq.wiki/wiki/blockchain) networks, and subscriptions are available from one unit of the respective currency. The fund is designed as a cash-equivalent financial instrument and is distributed within the regulatory framework applicable to UCITS funds. [\\[1\\]](#cite-id-bWgyEyHD0RL7lGeo)  [\\[2\\]](#cite-id-TIaz0ANfby3F2Ieh)  [\\[3\\]](#cite-id-v6UqUNO51rMFgcah)  [\\[4\\]](#cite-id-1oaSi674sfwx5QX3)  [\\[5\\]](#cite-id-OdfKVKuMCXf4xRsp)  [\\[6\\]](#cite-id-eJZh7mActIQg8cKI) \n\n## Technology\n\nSAFO utilizes [blockchain](https://iq.wiki/wiki/blockchain) networks for the issuance and transfer of fund shares. The shareholder register is maintained on distributed ledger networks including [Ethereum](https://iq.wiki/wiki/ethereum) and [Stellar](https://iq.wiki/wiki/stellar). The fund's infrastructure is designed to support interoperability with additional blockchain ecosystems, including [Polygon](https://iq.wiki/wiki/polygon), [Arbitrum](https://iq.wiki/wiki/arbitrum), and [Base](https://iq.wiki/wiki/base), subject to operational and market considerations.\n\n​[Chainlink](https://iq.wiki/wiki/chainlink) provides on-chain data infrastructure used for the publication and updating of the fund's Net Asset Value (NAV). The use of distributed ledger technology enables the recording and transfer of fund shares on supported [blockchain](https://iq.wiki/wiki/blockchain) networks. [\\[1\\]](#cite-id-bWgyEyHD0RL7lGeo)  [\\[3\\]](#cite-id-v6UqUNO51rMFgcah)  [\\[5\\]](#cite-id-OdfKVKuMCXf4xRsp)  [\\[6\\]](#cite-id-eJZh7mActIQg8cKI) \n\n## Structure and Operations\n\nSAFO uses fully collateralized total return swaps with global banking institutions acting as counterparties. Under this arrangement, counterparties provide collateral in the form of baskets of publicly traded equities while receiving returns generated by the underlying portfolios. In return, the fund receives payments linked to agreed benchmark rates and swap terms.\n\nThe fund's structure differs from government treasury bill funds because it obtains exposure through swap agreements rather than direct holdings of government securities. This model is intended to facilitate treasury and liquidity management while operating within the fund's investment framework.\n\nCACEIS, a subsidiary of Crédit Agricole Group, serves as the fund administrator and depositary bank. [\\[2\\]](#cite-id-TIaz0ANfby3F2Ieh)  [\\[4\\]](#cite-id-1oaSi674sfwx5QX3)  [\\[6\\]](#cite-id-eJZh7mActIQg8cKI) \n\n## Regulatory Framework\n\nSAFO operates under the Undertakings for Collective Investment in Transferable Securities (UCITS) framework. This regulatory structure allows the fund to be distributed throughout the European Economic Area (EEA) in accordance with applicable UCITS regulations.\n\nThe fund is managed within the regulatory requirements applicable to European investment funds and is subject to oversight by the relevant authorities and service providers involved in its administration and operation. [\\[1\\]](#cite-id-bWgyEyHD0RL7lGeo)  [\\[3\\]](#cite-id-v6UqUNO51rMFgcah)  [\\[6\\]](#cite-id-eJZh7mActIQg8cKI) ","summary":"The Spiko Amundi Overnight Swap Fund (SAFO) is a tokenized UCITS fund designed for corporate treasury and collateral management, leveraging fully collateralized total return swaps for stable yield above risk-free benchmarks.","images":[{"id":"QmY644CHXTtwJdk1HEwtVFfbqPUaM34v89Ui4sjZgP4vqa","type":"image/jpeg, image/png"}],"categories":[{"id":"cryptoassets","title":"cryptoassets"}],"tags":[{"id":"DeFi"},{"id":"Token"},{"id":"Ethereum"},{"id":"Stablecoin"},{"id":"RWA"}],"media":[{"id":"QmQTvxJchuwXncrT2Eg2W5NGczfRR3k5btX2qWNBfq6evX","name":"Cópia de Design sem nome (5).png","caption":"","thumbnail":"QmQTvxJchuwXncrT2Eg2W5NGczfRR3k5btX2qWNBfq6evX","source":"IPFS_IMG"}],"metadata":[{"id":"references","value":"[\n  {\n    \"id\": \"bWgyEyHD0RL7lGeo\",\n    \"url\": \"https://www.ledgerinsights.com/amundi-spiko-launch-tokenized-overnight-swap-fund/\",\n    \"description\": \"Ledger Insights\",\n    \"timestamp\": 1780347270628\n  },\n  {\n    \"id\": \"TIaz0ANfby3F2Ieh\",\n    \"url\": \"https://phemex.com/news/article/amundi-launches-solana-ucits-fund-boosting-institutional-adoption-83623\",\n    \"description\": \"Phemex News\",\n    \"timestamp\": 1780347270628\n  },\n  {\n    \"id\": \"v6UqUNO51rMFgcah\",\n    \"url\": \"https://int.media.amundi.com/article/spiko-and-amundi-introduce-safo\",\n    \"description\": \"Amundi Introduction\",\n    \"timestamp\": 1780347270628\n  },\n  {\n    \"id\": \"1oaSi674sfwx5QX3\",\n    \"url\": \"https://www.spiko.io/blog/spiko-amundi-safo\",\n    \"description\": \"Spiko Blog\",\n    \"timestamp\": 1780347270628\n  },\n  {\n    \"id\": \"OdfKVKuMCXf4xRsp\",\n    \"url\": \"https://int.media.amundi.com/files/nuxeo/dl/be27cca1-ad67-4fc4-87a9-7ec68766e2d4?inline=\",\n    \"description\": \"Amundi Press Release\",\n    \"timestamp\": 1780347270628\n  },\n  {\n    \"id\": \"eJZh7mActIQg8cKI\",\n    \"url\": \"https://www.coinbase.com/en-br/price/safo\",\n    \"description\": \"Coinbase\",\n    \"timestamp\": 1780347270628\n  }\n]"},{"id":"website","value":"https://www.spiko.io"},{"id":"linkedin_profile","value":"https://www.linkedin.com/company/spiko"},{"id":"twitter_profile","value":"https://twitter.com/SpikoFinance"},{"id":"commit-message","value":"\"Added Spiko Amundi Overnight Swap Fund (SAFO) overview and cryptoassets category\""}],"events":[{"id":"be2323b1-8e59-40cf-8875-82910b4172c0","date":"2026-03-01","title":"Launch of Spiko Amundi Overnight Swap Fund","type":"CREATED","description":"Amundi and Spiko launched the tokenized overnight swap fund to enhance treasury management.","link":null,"continent":null,"country":null}],"user":{"id":"0x8af7a19a26d8fbc48defb35aefb15ec8c407f889"},"author":{"id":"0x8af7a19a26d8fbc48defb35aefb15ec8c407f889"},"operator":{"id":"0xd5893989b9952c6568a99F854795AcC5Ae480D56"},"language":"en","version":1,"linkedWikis":{"blockchains":["ethereum","stellar"],"founders":[],"speakers":[]}}