Spiko Amundi Overnight Swap Fund

SAFO Price

About Spiko Amundi Overnight Swap Fund (SAFO)

Spiko Amundi Overnight Swap Fund (SAFO) is a tokenized, regulated UCITS fund designed to provide stable US Dollar yields through total return swaps with global systemically important banks.

• The fund is managed by Amundi, Europe's largest asset manager, and is supervised by the French Financial Markets Authority (AMF).
• Investors can subscribe to the USD share class with as little as 1 USD, benefiting from overnight liquidity and daily yield accrual.
• Security is provided through a dual-protection model combining bank creditworthiness with direct ownership of a collateralized equity portfolio.

What Is Spiko Amundi Overnight Swap Fund

Spiko Amundi Overnight Swap Fund offers a digital, on-chain representation of a regulated money market fund, allowing users to earn institutional-grade yields on their US Dollar holdings. It operates within the Real World Assets (RWA) sector, bridging traditional finance with decentralized infrastructure.

Value is generated by swapping the returns of a diversified equity basket for a fixed daily yield from banking counterparties like BNP Paribas. The token functions as a yield-bearing asset where interest is accrued and paid daily, effectively growing the user's balance or net asset value (NAV). The ecosystem scales by integrating with multiple blockchain networks and expanding its banking counterparty network to handle larger deposits.

What Makes Spiko Amundi Overnight Swap Fund Unique

• Regulated UCITS Status: Unlike many stablecoins, SAFO is a fully regulated UCITS fund under EU law, offering institutional compliance and oversight.
• Total Return Swap Mechanism: It utilizes an innovative swap structure that allows banks to reduce regulatory capital requirements while providing the fund with yields above risk-free rates.
• Multi-Chain Register: The shareholder register is natively hosted across several major blockchains, including Ethereum, Polygon, and Arbitrum, ensuring broad accessibility within the Real World Assets category.

What Can You Use Spiko Amundi Overnight Swap Fund for?

The pegged asset for SAFO is the US Dollar.

1. Value retention: SAFO allows users to hold a digital representation of the US Dollar on-chain, providing a stable store of value that tracks the currency while potentially reducing exposure to crypto-market volatility.
2. Yield generation: The fund generates native yield through total return swaps with Tier 1 banks, typically targeting returns above the Secured Overnight Financing Rate (SOFR). Users can earn interest daily by holding the token or providing liquidity in decentralized finance protocols.
3. Cross-border settlement / value transfer: SAFO facilitates efficient international value transfer by leveraging blockchain technology to move US Dollar-pegged value globally with overnight liquidity.
4. Collateralization: The token can be used as high-quality collateral in lending markets or as margin for derivatives, backed by the underlying assets of a regulated European fund.

How Does Spiko Amundi Overnight Swap Fund Work?

The fund operates by selecting a Tier 1 bank to act as a counterparty for a Total Return Swap. Each day, the returns of the fund's equity portfolio are exchanged with the bank for a guaranteed yield, such as SOFR plus a spread. This mechanism ensures that the fund receives a stable return regardless of the performance of the underlying equity basket.

The shareholder register is maintained on-chain, and net asset value (NAV) feeds are provided by Chainlink oracles to ensure transparency and accuracy. The SAFO token is an application utility token used for value storage and yield generation; it is not used to pay network gas fees.

Team Info and Investors

The fund is managed by Amundi Asset Management, with Spiko acting as the technology and distribution platform. Key institutional partners include CACEIS (Crédit Agricole group) as the depositary bank and PwC as the auditor. The project represents a collaboration between Spiko and established financial institutions to bring regulated investment products to the blockchain.

Where can you buy Spiko Amundi Overnight Swap Fund?

SAFO tokens have stopped trading - ago on all exchanges listed on CoinGecko. Information will be updated if market activity resumes.

What is the daily trading volume of Spiko Amundi Overnight Swap Fund (SAFO)?

The 24 hour trading volume of Spiko Amundi Overnight Swap Fund (SAFO) is $0 which signals a drop in market activity. If you own SAFO tokens, liquidity of the token is likely to be low. Proceed with caution. You may explore CoinGecko’s list of most traded cryptos for coins with higher liquidity.

What is the highest and lowest price for Spiko Amundi Overnight Swap Fund (SAFO)?

Spiko Amundi Overnight Swap Fund (SAFO) reached an all-time high of $1.01 and an all-time low of $1.00. It’s now trading 0.00% below that peak and 1.00% above its lowest price.

What is the market cap of Spiko Amundi Overnight Swap Fund (SAFO)?

Market capitalization of Spiko Amundi Overnight Swap Fund (SAFO) is $142,895,624 and is ranked #206 on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of SAFO tokens (140 Million tokens are tradable on the market today).

What is the fully diluted valuation of Spiko Amundi Overnight Swap Fund (SAFO)?

The fully diluted valuation (FDV) of Spiko Amundi Overnight Swap Fund (SAFO) is $142,895,624. This is a statistical representation of the maximum market cap, assuming total number of 140 Million ETH tokens are in circulation today.

How does the price performance of Spiko Amundi Overnight Swap Fund compare against its peers?

With a price increase of 0.10% in the last 7 days, Spiko Amundi Overnight Swap Fund (SAFO) is outperforming the global cryptocurrency market which is down -0.60%, while outperforming when compared to similar Polygon Ecosystem cryptocurrencies which are up 0.00%.