Spiko Amundi Overnight Swap Fund (EUR)

EURSAFO Price

About Spiko Amundi Overnight Swap Fund (EUR) (eurSAFO)

Spiko Amundi Overnight Swap Fund (EUR) is a tokenized UCITS fund that provides investors with digital access to Euro-denominated money market returns.

• The fund offers daily accrued yields targeted to exceed the €STR benchmark through collateralized total return swaps.
• Investors maintain overnight liquidity with T+1 redemption capabilities and can subscribe with as little as 1 EUR.
• The fund's shareholder register is hosted across multiple blockchains, including Ethereum, Polygon PoS, and Arbitrum One.

What Is Spiko Amundi Overnight Swap Fund (EUR)

Spiko Amundi Overnight Swap Fund (EUR) represents a regulated investment vehicle that brings traditional money market fund characteristics to the blockchain. As a Real World Assets project, it tokenizes the shares of a UCITS fund, allowing for fractional ownership and on-chain settlement. Value moves through the system by linking the performance of an underlying equity basket to a daily yield provided by top-tier banking counterparties.

The eurSAFO token is put to work as a yield-bearing asset, where interest is accrued and paid daily into the fund's Net Asset Value (NAV). This structure allows for a digital representation of cash that earns professional-grade interest while remaining highly liquid. As the ecosystem grows, the fund scales by expanding its partnerships with global systemically important banks and increasing its footprint across various Decentralized Finance protocols.

What Makes Spiko Amundi Overnight Swap Fund (EUR) Unique

• Institutional Regulation: It is authorized as a UCITS by the French Financial Markets Authority (AMF), providing a high level of investor protection under EU law.
• Tier 1 Counterparties: The fund works exclusively with major banks like BNP Paribas to negotiate interest terms and provide collateralization.
• Multi-Chain Accessibility: Its shareholder register is distributed across seven different networks, including Ethereum, Polygon PoS, Arbitrum One, Starknet, Base, Etherlink, and Stellar.
• Low Entry Barrier: Unlike many institutional funds, it allows subscriptions and redemptions starting from as little as 1 EUR.

What Can You Use Spiko Amundi Overnight Swap Fund (EUR) for?

Spiko Amundi Overnight Swap Fund (EUR) is pegged to the Euro.

1. Value retention: The asset allows users to hold a digital, on-chain representation of the Euro, which may reduce exposure to the volatility inherent in the broader cryptocurrency market.
2. Yield generation: The fund generates daily interest based on the €STR benchmark, which is accrued directly to the token's value, providing a native yield from institutional banking arrangements.
3. Cross-border settlement / value transfer: It facilitates the frictionless transfer of Euro value across global blockchain networks, enabling efficient international settlement and trade.
4. Collateralization: The tokens can be used as backing for borrowing and lending within supported protocols or as margin for decentralized derivatives, as supported by the source.

How Does Spiko Amundi Overnight Swap Fund (EUR) Work?

The fund operates through a Total Return Swap mechanism. Amundi, acting as the delegated asset manager, maintains a basket of global equities as collateral. Each day, the returns of this portfolio are swapped with a banking counterparty, which in exchange pays a daily yield to the fund. This ensures that the fund's returns are tied to interest rate benchmarks rather than the price volatility of the underlying stocks.

Investors pay protocol service fees in the form of an annual management fee of 0.23%, which is calculated daily on a prorated basis. Chainlink provides on-chain NAV oracle feeds to ensure transparency and accurate pricing across the supported blockchain networks.

Team Info and Investors

The fund is a collaboration between Spiko, a financial technology firm, and Amundi, Europe's largest asset manager. CACEIS (a subsidiary of Crédit Agricole) serves as the depositary bank and custodian, while PwC acts as the auditor, performing four annual audits. The fund is supervised by the French AMF and complies with EU regulatory standards for UCITS vehicles. Major banking counterparties include global institutions such as BNP Paribas, Société Générale, and Goldman Sachs.

Where can you buy Spiko Amundi Overnight Swap Fund (EUR)?

EURSAFO 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 (EUR) (EURSAFO)?

The 24 hour trading volume of Spiko Amundi Overnight Swap Fund (EUR) (EURSAFO) is $0 which signals a drop in market activity. If you own EURSAFO 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 (EUR) (EURSAFO)?

Spiko Amundi Overnight Swap Fund (EUR) (EURSAFO) reached an all-time high of $1.19 and an all-time low of $1.14. It’s now trading -1.80% below that peak and 2.30% above its lowest price.

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

Market capitalization of Spiko Amundi Overnight Swap Fund (EUR) (EURSAFO) is $994,199,842 and is ranked #65 on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of EURSAFO tokens (850 Million tokens are tradable on the market today).

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

The fully diluted valuation (FDV) of Spiko Amundi Overnight Swap Fund (EUR) (EURSAFO) is $994,199,842. This is a statistical representation of the maximum market cap, assuming total number of 850 Million ETH tokens are in circulation today.

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

With a price increase of 0.90% in the last 7 days, Spiko Amundi Overnight Swap Fund (EUR) (EURSAFO) is underperforming the global cryptocurrency market which is up 1.40%, while outperforming when compared to similar Polygon Ecosystem cryptocurrencies which are up 0.00%.