Spiko launches UCITS tokenized money market fund SAFO on Solana
AI Market Summary
Spiko's UCITS-compliant tokenized money market fund SAFO has launched on Solana, settling subscriptions/redemptions exclusively in USDC and publishing on-chain NAV via Chainlink. The deployment signals growing institutional adoption of Solana for regulated RWA cash-management flows, with meaningful throughput needs (reported ~500 daily ops, ~10k active institutional users). This strengthens Solana's positioning as infrastructure for on-chain treasury and collateral use cases.
Impact level
● Medium
Affected assets
SOL/USDT+4.01%
AI Insight · SOL/USDTAI Insight
▲ Bullish
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European licensed fintech Spiko has deployed its UCITS-compliant tokenized money market fund, SAFO, on the Solana blockchain. Managed by Amundi, the fund uses Circle’s USDC as the sole settlement asset for subscriptions and redemptions and delivers yield via fully collateralized total return swaps, with Chainlink updating its on-chain net asset value. Spiko said SAFO handles about 500 subscription and redemption operations per day across 10,000 active institutional users. Spiko also described the move as the first launch on Solana by a European real-world asset issuer, expanding USDC-based institutional cash management on a high-throughput chain.
