European asset management giant Amundi launches $100 million tokenized fund on Ethereum and Stellar blockchains

03-20

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Odaily Odaily reports that European asset management giant Amundi has announced the launch of a $100 million tokenized fund, the Spiko Amundi Overnight Swap Fund (SAFO), on the Ethereum and Stellar chains. This fund is specifically designed for institutional funds and collateral management, providing overnight liquidity through collateralized yield swaps with major bank counterparties. Subscription and redemption support major fiat currencies such as the euro, US dollar, British pound, and Swiss franc. (News.bitcoin)

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