Amundi Solana UCITS fund launched with €2.4T backing
Amundi Solana UCITS fund SAFO launches as Europe’s largest asset manager brings €2.4 trillion AUM to the chain.
- Amundi, Europe’s largest asset manager, and Spiko Finance launched SAFO, a UCITS-compliant fund on Solana, making it the eighth chain in their strategy.
- SAFO is a tokenized sub-fund under the SPIKO SICAV structure, backed by total return swaps with BNP Paribas as a Tier 1 banking counterparty.
- The launch coincides with US Solana spot ETFs crossing $1 billion in assets under management and Goldman Sachs reducing its SOL exposure.
Amundi, managing €2.4 trillion in assets, and Spiko Finance announced the launch of SAFO on Solana, bringing their UCITS-compliant tokenized fund to its eighth blockchain. Spiko Finance acts as transfer agent, tokenization platform and broker, while CACEIS, Amundi’s custody affiliate, handles depositary and fund administration.
SAFO is formally constituted as a tokenized sub-fund under the legal entity of SPIKO SICAV and subject to French regulatory oversight by the AMF. The fund implements total return swap contracts with full backing from Tier 1 banking entities including BNP Paribas. Subscriptions and redemptions are denominated in EUR, USD, GBP, and CHF, with a minimum investment of one unit per currency class.
Why Amundi’s Solana entry signals a structural shift
The launch arrives as US Solana spot ETFs have crossed $1 billion in assets under management, compressing the institutional adoption narrative from US-only to transatlantic. Crypto.news has tracked about 30 institutions holding roughly $540 million in Solana ETF exposure as of March 2026, a figure that the Amundi move now supplements from the European side.
The timing creates a notable divergence. Goldman Sachs recently reduced its SOL exposure while Amundi is going long, creating the kind of two-sided institutional narrative that tends to build structural demand over time. Crypto.news has also noted institutional endowments adding Solana ETF positions as regulated wrappers lower the barrier for conservative allocators.
What SAFO adds to the existing UCITS product landscape
The UCITS framework allows SAFO to be distributed across all EU member states under a single regulatory structure, removing the cross-border compliance friction that has historically kept European institutional allocators from on-chain products. At the March 2026 expansion, the fund had roughly $100 million in committed AUM across its existing seven blockchain deployments.
Solana was chosen for its transaction throughput and growing institutional infrastructure base. Crypto.news has reported on Morgan Stanley refiling its own staked Solana ETF application, with the Amundi UCITS entry now representing simultaneous pressure from both the US and European institutional channels.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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