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<p>Amundi Solana UCITS fund SAFO launches as Europe’s largest asset manager brings €2.4 trillion AUM to the chain.</p>
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 <div class="cn-block-summary__nav tabs"><span>Summary</span>
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   <li>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.</li>
   <li>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.</li>
   <li>The launch coincides with US Solana spot ETFs crossing $1 billion in assets under management and Goldman Sachs reducing its SOL exposure.</li>
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<p>Amundi, managing €2.4 trillion in assets, and Spiko Finance <a href="https://finance.yahoo.com/markets/crypto/articles/solana-news-amundi-breaks-solana-115539383.html" rel="noopener noreferrer nofollow">announced</a> 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.</p>
<p>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.</p>
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   <p>Amundi and Spiko Finance Launch First UCITS Fund on Solana<a href="https://twitter.com/Amundi_ENG?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@Amundi_ENG</a>, Europe's largest asset manager with €2.4T AUM, is launching a UCITS-compliant fund natively on <a href="https://twitter.com/solana?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@Solana</a> in partnership with <a href="https://twitter.com/Spiko_finance?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@Spiko_finance</a>. <br><br>This landmark deployment brings institutional-grade investment… <a href="https://t.co/9q7X8gZhim" rel="noopener noreferrer nofollow">pic.twitter.com/9q7X8gZhim</a></p>— BSCN (@BSCNews) <a href="https://twitter.com/BSCNews/status/2055315015570247889?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">May 15, 2026</a>
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<h2 class="wp-block-heading" id="why-amundi-s-solana-entry-signals-a-structural-shift">Why Amundi’s Solana entry signals a structural shift</h2>
<p>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 <a href="https://crypto.news/solana-price-prediction-institutions-invest-540m/" rel="noopener noreferrer nofollow">tracked</a> 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.</p>
<p>You might also like: <a href="https://crypto.news/moonpay-launches-moonpay-trade-to-pull-banks-into-defi-and-tokenized-assets/" rel="noopener noreferrer nofollow"> MoonPay launches MoonPay Trade to pull banks into DeFi and tokenized assets </a></p>
<p>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 <a href="https://crypto.news/dartmouth-adds-solana-etf-as-endowment-crypto-exposure-reaches-14m/" rel="noopener noreferrer nofollow">noted</a> institutional endowments adding Solana ETF positions as regulated wrappers lower the barrier for conservative allocators.</p>
<h3 class="wp-block-heading" id="what-safo-adds-to-the-existing-ucits-product-landscape">What SAFO adds to the existing UCITS product landscape</h3>
<p>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.</p>
<p>Solana was chosen for its transaction throughput and growing institutional infrastructure base. Crypto.news has <a href="https://crypto.news/morgan-stanley-refiles-solana-etf-with-staking-under-ticker-msolsec/" rel="noopener noreferrer nofollow">reported</a> 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.</p>
<p>Read more: <a href="https://crypto.news/bankless-reportedly-axes-most-of-team-in-silence-as-co-founder-declares-end-of-first-era/" rel="noopener noreferrer nofollow"> Bankless reportedly axes most of team in silence as co-founder declares ‘end of first era’ </a></p>

Amundi Solana UCITS fund launched with €2.4T backing

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