Chainlink Enables Amundi and Spiko To Launch Fastest-Growing Token Fund

• SAFO reached $400M AUM in 3 weeks using Chainlink on Ethereum and Stellar networks.
• Chainlink Reserve added 131,656.26 LINK worth over $1.1M, total holdings at 3,064,151.83 LINK.
• Amundi and Spiko launched SAFO tokenized funds using Chainlink for NAV reporting. 

Chainlink has been used in a new tokenized fund structure involving Amundi and Spiko. Spiko and Amundi describe the fund as the Spiko Amundi Overnight Swap Fund (SAFO). It operates as a tokenized mutual fund with blockchain infrastructure.

The fund reached $400 million in assets under management within three weeks. The setup uses Chainlink services for data reporting and cross-chain functions across Ethereum and Stellar.

Amundi and Spiko launch SAFO tokenized fund

Amundi, a global asset manager with about €2.3 trillion in assets under management, worked with Spiko on SAFO. They structured the fund as a tokenized overnight swap product. They designed it to operate using blockchain settlement rails and digital asset records.

SAFO was introduced as a regulated fund product with tokenized units. The design allows digital representation of fund shares. Market data indicates rapid inflows shortly after launch.

The fund reached around $400 million in assets within three weeks. This level of growth placed it among fast-expanding tokenized fund products. Investor participation increased during the early launch phase.

Chainlink role in NAV reporting and data

Chainlink provides automated net asset value reporting for SAFO. The system supports data delivery between traditional financial systems and blockchain networks. It reduces manual steps in reporting fund value.

NAV data is processed and shared through Chainlink infrastructure. This allows consistent updates across supported platforms. The approach supports synchronization of pricing information.

Chainlink also supports validation of data inputs used in reporting. This includes external market data feeds. The process is designed to maintain consistency across systems.

Multi-chain deployment and distribution

The SAFO tokenized fund is live on Ethereum and Stellar networks. This setup allows access across two different blockchain environments. It also supports broader distribution channels.

Cross-chain interoperability is enabled through Chainlink services. This allows fund data and operations to move between networks. It supports consistent fund representation across systems.

The multi-chain design allows investors and platforms to interact with the same fund structure. It also supports integration with different financial applications. This expands the technical reach of the fund.

Chainlink Reserve accumulation update

The Chainlink Reserve has added 131,656.26 LINK, valued at over $1.1 million. This brings total holdings to 3,064,151.83 LINK. The reserve continues to accumulate LINK over time.

With the latest addition, the reserve ranks among the top 35 LINK holders. The accumulation reflects ongoing inflows into the reserve system. Blockchain systems track the data on-chain.

Blockchain transparency tools record the reserve activity. Holdings can be verified through public ledger data. The increase adds to the overall reserve balance growth pattern.

The post Chainlink Enables Amundi and Spiko To Launch Fastest-Growing Token Fund appeared first on Live Bitcoin News.