According to Mars Finance, European asset management giant Amundi has announced the launch of a $100 million tokenized fund, Spiko Amundi Overnight Swap Fund (SAFO), on the Ethereum and Stellar chains. The fund is designed for institutional funds and collateral management, providing overnight liquidity through collateralized yield swaps with major bank counterparties. Its subscription and redemption support major fiat currencies such as the euro, US dollar, British pound, and Swiss franc.
European asset management giant Amundi launches $100 million tokenized fund on Ethereum and Stellar blockchains.
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