Spiko Reports $2.38B in SAFO as Tokenized Cash Funds Reach Business Treasuries
Spiko reported $2.38 billion in assets for its Amundi Overnight Swap Fund (SAFO), based on data from October 23. The tokenized fund invests through a securities portfolio and total return swaps to target an overnight rate plus a spread; blockchain records ownership but do not generate the investment return. The fund’s asset total signals growing interest in tokenized cash-management products, but does not reveal how much demand is new or how reliably investors can access funds. Businesses should assess the prospectus, investment and counterparty risks, redemption limits, timing, and operating procedures rather than treating the product as equivalent to a bank deposit. The issuer says many fund records are on Stellar, which does not mean an equivalent amount is invested in Stellar’s native asset.
