Spiko's Tokenized Money Market Fund Revolutionizes Cash Management on Solana

Web3 & BlockchainInvestment & Financial MarketsClimate Finance

In a groundbreaking move, Spiko has launched its tokenized money market fund on Solana, marking a significant shift in the way institutional-grade cash management is handled on the blockchain.

TL;DR
• Spiko's SAFO fund is a tokenized money market fund that offers institutional-grade cash management on Solana.
• SAFO uses fully collateralized total return swaps with top-tier banks to deliver yields above risk-free benchmarks.
• Solana's deep DeFi ecosystem unlocks the ability for SAFO shares to be used as collateral in lending markets.

Summary
Spiko, a European fintech regulated by French authorities, has launched its tokenized money market fund, SAFO, on Solana, delivering institutional‑grade cash management to a high‑volume blockchain and expanding real‑world asset access in crypto for institutional investors and corporate treasurers globally.
• SAFO pools capital via collateralized total‑return swaps with top‑tier banks, yielding above risk‑free benchmarks daily.
• Subscriptions and redemptions settle in Circle’s USDC stablecoin, ensuring instant liquidity and low transaction costs.
• Chainlink oracle records SAFO’s net asset value onchain, providing transparent, verifiable pricing for all stakeholders.
• Solana’s high throughput and minimal fees enable 500 daily deposit and redemption operations across 10,000 users efficiently.
• SAFO shares can be used as collateral in DeFi lending, swaps, and other onchain financial applications, unlocking active capital use.

SAFO, short for Spiko Amundi Overnight Swap Fund, is a UCITS‑compliant money market fund managed by Amundi, Europe’s largest asset manager, and regulated under French law. It operates as a tokenized sub‑fund of SPIKO SICAV, a French‑regulated SICAV, designed to meet treasury and collateral needs of corporates and financial institutions. The fund’s governance includes CACEIS as depositary bank and fund administrator, ensuring robust oversight and adherence to regulatory standards and compliance across the European market.

Solana’s reputation as one of the fastest, most cost‑effective blockchains makes it an ideal host for SAFO. With thousands of transactions per second and negligible fees, the platform supports the fund’s average of 500 daily deposit and redemption operations across 10,000 active users without bottlenecks. Moreover, Solana’s mature DeFi ecosystem allows SAFO shares to function as collateral in lending markets, swaps, and other onchain financial applications, transforming passive cash management into productive capital for institutional investors and corporate treasury teams worldwide.

By launching on Solana, Spiko demonstrates a commitment to long‑term, responsible innovation. The fund’s UCITS compliance, French regulatory oversight, and partnership with Amundi and CACEIS provide a solid risk framework. Continuous monitoring of onchain pricing via Chainlink and daily settlement in USDC mitigate market volatility. Additionally, the ability to use SAFO shares as collateral encourages active capital deployment while maintaining transparency and auditability, aligning with best practices for ethical and sustainable financial technology, ensuring long‑term resilience for investors and the broader financial ecosystem.

As Spiko's tokenized money market fund continues to grow on Solana, it will be interesting to see how this innovative approach to cash management shapes the future of the blockchain.