What is the new Solana fund launched by Amundi?

Amundi and Spiko Finance launched SAFO, a UCITS-compliant tokenised fund on the Solana blockchain. The product expands Amundi’s tokenised fund offerings to an eighth blockchain network.

Why is Amundi’s Solana launch important for crypto markets?

Amundi manages roughly €2.4 trillion in assets, making it Europe’s largest asset manager. Its move into Solana-based tokenised funds signals growing institutional confidence in blockchain infrastructure and regulated digital asset products.

What does UCITS-compliant mean for investors?

UCITS is a European regulatory framework that allows investment funds to be distributed across EU member states under a single structure. This makes products like SAFO easier for institutional and retail investors to access within regulated financial markets.

Why did Amundi choose Solana for the SAFO fund?

Solana was selected because of its high transaction throughput and expanding institutional infrastructure. Faster settlement speeds and lower transaction costs make Solana increasingly attractive for tokenised finance applications.

How is the SAFO fund structured?

SAFO operates as a tokenised sub-fund under SPIKO SICAV and falls under French regulatory oversight. CACEIS serves as the depositary and administrator, while swap exposure is backed by banks including BNP Paribas.

What currencies can investors use in the SAFO fund?

Subscriptions and redemptions are available in euros, US dollars, British pounds and Swiss francs. This multi-currency structure is designed to support broader institutional participation across international markets.

Why does this matter for Solana adoption?

The launch strengthens Solana’s position as a blockchain increasingly used for institutional finance rather than just retail trading or meme coin activity. Large regulated funds can help improve credibility and long-term network adoption.

How does this connect to Solana ETF growth in the US?

The launch comes after US spot Solana ETFs surpassed $1 billion in assets under management. Together, European UCITS products and US ETFs are building parallel institutional channels for regulated Solana exposure.

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Amundi launches Solana fund with €2.4T backing

Written by Liezl GambePublished May 22, 2026, 1:25 AM

Amundi and Spiko Finance launched the SAFO tokenised UCITS fund on the Solana blockchain, extending the fund to its eighth supported network.

The launch brings the backing of Amundi’s €2.4 trillion asset management platform to Solana as institutional interest in regulated blockchain investment products continues to grow across Europe and the United States.

SAFO operates as a tokenised sub-fund under SPIKO SICAV and falls under French regulatory supervision through the Autorité des Marchés Financiers, while CACEIS acts as depositary and fund administrator.

The structure uses total return swap contracts backed by Tier 1 banking institutions including BNP Paribas, with subscriptions and redemptions available in euros, US dollars, British pounds and Swiss francs.

The expansion comes as US spot Solana exchange-traded funds surpassed $1 billion in assets under management, reinforcing growing institutional demand for regulated Solana exposure across both sides of the Atlantic.

The UCITS framework allows the fund to be distributed across European Union member states under a unified regulatory structure, helping reduce compliance barriers that have historically limited institutional participation in on-chain financial products.

Amundi’s launch also arrives amid diverging institutional views on Solana after Goldman Sachs reportedly reduced its SOL exposure while other asset managers and institutional investors continue increasing allocations through ETFs and tokenised fund products.

At the time of reporting, Solana price was $86.80.