Chainlink LINK Powers $400M Amundi Fund Surge, Outpacing BlackRock’s BUIDL in Tokenization Race
Chainlink's tokenization infrastructure has propelled a new Amundi-Spiko mutual fund to $400 million in assets under management within just three weeks, surpassing the initial growth trajectory of BlackRock's BUIDL fund. The Spiko Amundi overnight swap fund (SAFO) leverages cross-chain functionality on Ethereum and Stellar, enabled by Chainlink's real-time NAV reporting and secure interoperability.
LINK prices reacted positively to this institutional milestone, climbing 1.28% to $8.971 with an intraday high of $9.023. The most pronounced price movement occurred after 15:00 UTC, suggesting institutional interest may be driving demand for the oracle network's native token.
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