Spiko and Amundi partner to launch SAFO

We're thrilled to announce the launch of a new product with Amundi.

Spiko and Amundi, Europe's largest asset manager with €2.4 trillion in AUM, are launching SAFO, the Spiko Amundi Overnight Swap Fund.

SAFO is a cash management product, a UCITS fund regulated by the French Financial Markets Authority (AMF), issued and operated on the Spiko infrastructure. It’s designed for anyone - particularly corporates and financial institutions - seeking a modern and flexible way to manage treasury operations and collateral.

How does SAFO work?

SAFO uses fully collateralized total return swaps with Tier 1 banking counterparties - starting with BNP Paribas - to deliver stable yields above risk-free benchmarks, with overnight liquidity. The product is available in four currencies at launch, with subscriptions starting from just 1 EUR, USD, GBP, or CHF. It offers real-time transparency on the shareholder register, 24/7 transferability, flexible custody options, and programmatic access via API or smart contracts.

CACEIS acts as depositary bank and fund admin. Spiko serves as a transfer agent and broker, handling subscription and redemption orders.

What SAFO means:

We built Spiko to make cash management as simple, transparent and accessible as it should be. SAFO, leveraging Amundi's asset management expertise, is the clearest expression of that vision to date and a testament to the strength of the fund issuance and distribution infrastructure we’ve built over the past two years.

SAFO is live and available through the Spiko app, with plans to broaden access through our API-enabled distribution network.

The Amundi x Spiko press release is available here.