Breaking: Europe’s Largest Asset Manager Amundi Drops €2.4 Trillion UCITS Fund on Solana – Institutional Floodgates Open

Solana just landed the biggest institutional endorsement yet. Amundi, the €2.4 trillion asset management giant and tenth-largest globally, has launched a UCITS-compliant fund on the Solana blockchain via a partnership with Spiko Finance, the $1.7 billion tokenization powerhouse. This isn't just a pilot; it puts Solana squarely in the same league as Bitcoin and Ethereum for traditional finance allocation. The move comes as Solana's institutional infrastructure already includes integrations with Visa, PayPal, and Stripe, and US Solana spot ETFs have surged past $1 billion in assets under management. Amundi's entry signals a paradigm shift—the world's largest asset managers are no longer just watching crypto; they're building on it.

Solana News: How the Amundi-Spiko UCITS Structure Actually Works – and Why It Opens a New Capital Channel for SOL

The mechanism here is worth understanding precisely. UCITS, Undertakings for Collective Investment in Transferable Securities, is the European Union’s harmonized regulatory framework for investment funds.

What UCITS is to European institutional capital, spot ETFs are to the US market: the gold standard for regulated, passportable fund structures.

A UCITS fund approved in one EU member state can be distributed across the entire EEA without requiring separate fund registration in each jurisdiction. That passporting capability is what makes this launch structurally significant rather than just symbolically noteworthy.

The specific product is the Spiko Amundi Overnight Swap Fund (SAFO), a UCITS sub-fund of the French-regulated SPIKO SICAV, overseen by the Autorité des marchés financiers.

SAFO generates yield via fully collateralized total return swaps with Tier-1 banks, BNP Paribas is the initial counterparty, making it a cash-equivalent, swap-based treasury instrument rather than a direct SOL holding.

Together with @Amundi_FR, Europe’s largest asset manager, we’re thrilled to introduce the Spiko Amundi Overnight Swap Fund, or SAFO, a new tokenized fund optimized for cash and collateral management.

UCITS-compliant.

Built on fully collateralized total return swaps with… pic.twitter.com/JZt7oEahOe

Spiko Finance acts as transfer agent, tokenization platform, and broker; CACEIS, Amundi’s custody affiliate, handles depositary and fund administration duties, keeping the full traditional fund stack intact behind the token layer.

Solana becomes at least the eighth chain in what is effectively a multi-chain UCITS strategy. Amundi and Spiko previously deployed SAFO on Ethereum, Polygon, Arbitrum, Base, Starknet, Stellar, and Etherlink, with roughly $100 million committed AUM at the March 2026 expansion.

The European crypto regulatory environment under MiCA is progressively lowering barriers for this kind of deployment, and the AMF framework provides the compliance perimeter that conservative institutional allocators, pension funds, corporate treasuries, collateral managers, require before they can touch an on-chain product.

Subscriptions and redemptions are denominated in EUR, USD, GBP, and CHF, with a minimum investment of one unit per currency class.

That effectively makes the product accessible to a very wide range of European institutional adoption use cases, from large sovereign wealth allocators down to mid-market corporate treasury desks.

Parallel moves in Asia, including SBI Holdings filing for regulated crypto fund structures in Japan, confirm that regulated-wrapper demand for non-BTC, non-ETH assets is now a global institutional theme, not a regional experiment.