Amundi, the largest asset management company in Europe, managing around €2.3 trillion, just launched a tokenized fund yesterday. The current scale is still small, at $100 million. Looks like it's in the experimental phase, but this is definitely a trend worth keeping an eye on. What does this mean exactly? In the past, when you bought “cash management” products from banks or funds (like money market funds), transferring or withdrawing money required waiting for the bank to open, going through processes, and it might take T+1 or T+2 days to settle. Pretty inconvenient. Amundi has now put this fund directly on-chain, calling it the Spiko Amundi Overnight Swap Fund (SAFO for short). Issued directly on-chain, with a dual-chain native parallel setup: Fund shares operate simultaneously on both Ethereum and Stellar chains. On Ethereum, it can integrate with DeFi. On Stellar ($XLM), it enables fast, low-cost transfers. If you want to switch between the two chains, the platform supports cross-chain transfers, and Spiko handles it with one click. Chainlink is responsible for real-time calculation of the fund’s net asset value (NAV). Everything is on-chain, making it super transparent. More importantly, You can buy, sell, transfer, and settle 24/7—no need to wait for bank staff or deal with T+1 delays. Although the current scale is only $100 million, if the trial proves successful, as more clients join, this could lead to larger-scale on-chain assets and trading activities in the long term, especially on Ethereum (where fees are decreasing and speeds are improving). https://int.media.(amundi.com)/article/spiko-and-amundi-introduce-safo