SAFO Spiko Amundi Overnight Swap Fund Rank #204

SAFO is the tokenized share class of a UCITS-compliant money market fund launched jointly by Spiko and Amundi, Europe's largest asset manager. Operating across multiple blockchain networks, the fund's shareholder register is maintained on Ethereum, Polygon PoS, Arbitrum One, Starknet, Base, Etherlink, and Stellar, with the underlying token issued as a digital representation of fund shares. The fund's core function is to provide short-term yield on US dollar holdings while preserving overnight liquidity. Returns above the Effective Federal Funds Rate benchmark are generated through fully collateralized total return swaps executed with top-tier banking counterparties, with BNP Paribas serving as the initial counterparty. Investors can subscribe from a low minimum amount, making the product broadly accessible. SAFO falls within the Real World Assets (RWA) category, bridging traditional regulated finance with blockchain infrastructure. The tokenized fund is supervised by the French Autorité des Marchés Financiers, with CACEIS acting as depositary and PwC as auditor. Chainlink provides on-chain NAV oracle feeds, enabling transparent and verifiable reporting of the fund's net asset value across the supported networks.