Amundi and Spiko Finance Expand Tokenized Fund to Solana

Solana announced that Amundi, Europe's largest asset management company with approximately €2.3 trillion under management, and Spiko Finance, managing $1.7 billion, have expanded their tokenized fund, the Spiko Amundi Overnight Swap Fund (SAFO), to the Solana blockchain. According to Foresight News, the fund was initially launched in March on Ethereum and Stellar with a starting size of $100 million. SAFO is a UCITS-compliant fund, adhering to EU standards for open-ended funds, and is targeted at institutional professional investors, offering overnight swap returns and cross-chain settlement capabilities.