Ethereum’s New Cash Play: Amundi’s Tokenized $100M Fund

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Behold, the grandest of spectacles! Amundi, that titan of European finance, hath unveiled a tokenized fund upon the hallowed blockchain of Ethereum and the celestial Stellar, with a mere $100 million in assets-though one might wonder if this be a pittance or a princely sum in the eyes of the digital age.

A Traditional Fund With A Tokenized Wrapper

The venerable institutions of TradFi, fearing obsolescence, have donned the cloak of crypto with the zeal of a man chasing a ghost. In a proclamation worthy of a courtier’s scroll, Amundi proclaimed its alliance with Spiko, a French-law regulated tokenization sorcerer, to birth the SAFO-a sub-fund of SPIKO SICAV, as if minting gold from lead.

𝗟𝗜𝗩𝗘: Europe’s largest asset manager Amundi (€2.3 trillion AUM) & Spiko launch new tokenized mutual fund (SAFO) powered by Chainlink.

Chainlink is how the world’s leading institutions & tokenization platforms are unlocking the issuance & distribution of tokenized funds.

– Chainlink (@chainlink) March 19, 2026

Behold, the SAFO-a traditional fund, but with a tokenized shroud! It is a “cash parking” for corporate treasuries, promising overnight liquidity and yields slightly above the risk-free rate. One might ask: Is this a fund, or a serpent coiled around the neck of financial orthodoxy?

The fund boasts immediate settlement, global 24/7 transfers, and APIs so sleek they’d make a mathematician weep. Yet, the question lingers: Can one truly trust a system where the very fabric of finance is woven from code and ambition?

In a statement, Jean-Jacques Barbéris, that paragon of institutional wisdom, declared: “SAFO provides professional investors with a fast and transparent access to cash management solutions.” One might reply: “And yet, where is the transparency in a world where every transaction is a riddle wrapped in a blockchain?”

Where Ethereum Comes In

The shareholder register and fund shares dwell on Ethereum and Stellar, as if choosing between a gilded cage and a silver platter. Ethereum, with its smart-contract sorcery, and Stellar, with its swift, low-cost magic. Chainlink, the ever-reliable messenger of the digital realm, ensures the fund’s value is etched into the blockchain with the precision of a scribe.

SAFO is Amundi’s second tokenized fund in mere months-a testament to the frenzy of the times. Back in November, they launched a tokenized share class of a money market fund, proving that even the most staid of institutions can don the cap of a crypto alchemist.

Amundi’s venture joins the ranks of BlackRock and Franklin Templeton, cementing Ethereum’s role as the settlement layer for institutional RWAs. A €2.3 trillion titan, once a relic of the old world, now dances with the blockchain-a tale of reinvention or a masquerade?

Cover image from Perplexity, ETHUSDT chart from Tradingview

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2026-03-20 13:26