Spiko Amundi Overnight Swap Fund

Spiko Amundi Overnight Swap Fund (SAFO) is a tokenized UCITS fund launched by Spiko together with Amundi, Europe's largest asset manager, engineered to deliver overnight-rate returns through fully collateralized total return swaps with top-tier banks.

How SAFO reaches for yield through total return swaps

Rather than holding bills directly, SAFO reaches for yield above the EFFR benchmark via fully collateralized total return swaps with top-tier bank counterparties, while preserving daily liquidity and a one-dollar minimum for its USD share class. It is built on conventional regulated-fund plumbing — a licensed depositary, external audit and on-chain NAV oracles — with a shareholder register spanning multiple ledgers including Ethereum, Polygon, Arbitrum, Starknet and Base.

Strengths and trade-offs versus a direct T-bill fund

Compared with a fund that holds T-bills directly, SAFO is the swap-based, Amundi-backed variant, trading a small dose of bank counterparty exposure for its yield edge and the credibility of a major asset manager. The strengths are institutional-grade custody, audit and oracle infrastructure plus broad multi-chain reach; the trade-offs are dependence on swap counterparties, the manager's execution, and short-rate direction. It is aimed at corporate treasuries, funds and euro-market participants who want regulated, liquid overnight yield delivered on-chain.

1. 1. Choose an exchange. Pick a reputable exchange that lists SAFO — among the venues we rate highest are Binance, OKX and Kraken.
2. 2. Create & verify your account. Register, enable two-factor authentication, and complete identity verification (KYC).
3. 3. Deposit funds. Add money by bank transfer, card, or a stablecoin, depending on what the exchange supports in your region.
4. 4. Buy SAFO. Search for SAFO, choose a market or limit order, enter your amount, and confirm.
5. 5. Secure your coins. For long-term holdings, withdraw SAFO to a self-custody wallet you control rather than leaving it on the exchange.

Compare venues in our independent exchange ratings. This is not financial advice.