Spiko Amundi Overnight Swap Fund (EUR)

EURSAFO is a token representing a share in the Spiko Amundi Overnight Swap Fund, a regulated UCITS fund co-launched by Spiko and Amundi that is denominated in euros. It is designed to give holders on-chain access to a traditional money-market-style fund that targets yields above the euro short-term rate benchmark, with subscriptions starting from as little as 1 EUR. The product aims to address the friction of accessing regulated, institutionally managed fixed-income exposure through blockchain infrastructure.

The fund generates returns through fully collateralized total return swaps with top-tier banks, beginning with BNP Paribas, while preserving overnight liquidity so that shares can be redeemed on short notice. Each EURSAFO token corresponds to a share in the fund, and the net asset value is delivered on-chain via Chainlink oracle feeds so that the token price reflects the fund's underlying NAV. The shareholder register is maintained simultaneously across Ethereum, Polygon PoS, Arbitrum One, Starknet, Base, Etherlink, and Stellar, with CACEIS acting as depositary bank and PwC as auditor under the supervision of the French financial regulator, the AMF.

As a tokenized UCITS fund, the economic return to shareholders comes from the fund's investment strategy rather than from a protocol fee stream in the conventional blockchain sense; the data provided records no protocol-level fee figures. The fund's price of 1.18 USD, reflecting an NAV that has grown over time, is how the yield accrues to token holders rather than through a separate fee distribution mechanism. Because this site stores no fee revenue or fee-capture metrics for EURSAFO, fee-based measures that appear elsewhere on this site are not applicable here.