Amundi Solana UCITS fund SAFO launches as Europe’s largest asset supervisor brings €2.4 trillion AUM to the chain.
Abstract
- Amundi, Europe’s largest asset supervisor, and Spiko Finance launched SAFO, a UCITS-compliant fund on Solana, making it the eighth chain of their technique.
- SAFO is a tokenized sub-fund beneath the SPIKO SICAV construction, backed by whole return swaps with BNP Paribas as a Tier 1 banking counterparty.
- The launch coincides with US Solana spot ETFs crossing $1 billion in belongings beneath administration and Goldman Sachs decreasing its SOL publicity.
Amundi, managing €2.4 trillion in belongings, and Spiko Finance introduced the launch of SAFO on Solana, bringing their UCITS-compliant tokenized fund to its eighth blockchain. Spiko Finance acts as switch agent, tokenization platform and dealer, whereas CACEIS, Amundi’s custody affiliate, handles depositary and fund administration.
SAFO is formally constituted as a tokenized sub-fund beneath the authorized entity of SPIKO SICAV and topic to French regulatory oversight by the AMF. The fund implements whole return swap contracts with full backing from Tier 1 banking entities together with BNP Paribas. Subscriptions and redemptions are denominated in EUR, USD, GBP, and CHF, with a minimal funding of 1 unit per foreign money class.
Why Amundi’s Solana entry alerts a structural shift
The launch arrives as US Solana spot ETFs have crossed $1 billion in belongings beneath administration, compressing the institutional adoption narrative from US-only to transatlantic. Crypto.information has tracked about 30 establishments holding roughly $540 million in Solana ETF publicity as of March 2026, a determine that the Amundi transfer now dietary supplements from the European aspect.
The timing creates a notable divergence. Goldman Sachs just lately diminished its SOL publicity whereas Amundi goes lengthy, creating the sort of two-sided institutional narrative that tends to construct structural demand over time. Crypto.information has additionally famous institutional endowments including Solana ETF positions as regulated wrappers decrease the barrier for conservative allocators.
What SAFO provides to the present UCITS product panorama
The UCITS framework permits SAFO to be distributed throughout all EU member states beneath a single regulatory construction, eradicating the cross-border compliance friction that has traditionally stored European institutional allocators from on-chain merchandise. On the March 2026 growth, the fund had roughly $100 million in dedicated AUM throughout its present seven blockchain deployments.
Solana was chosen for its transaction throughput and rising institutional infrastructure base. Crypto.information has reported on Morgan Stanley refiling its personal staked Solana ETF utility, with the Amundi UCITS entry now representing simultaneous strain from each the US and European institutional channels.
