SAFO is a tokenised sub-fund of SPIKO SICAV, a SICAV regulated under French law, designed to meet the treasury and collateral needs of corporates and financial  institutions of all sizes, offering a cash-equivalent instrument with 24/7 transferability.

Key features of the fund include:

• Use of fully collateralized total return swaps with top-tier banks, to deliver  stable yields above risk-free benchmarks, while maintaining overnight liquidity.
• • Availability in four currencies, allowing investors to subscribe and redeem from  as little as 1 EUR, USD, GBP, or CHF.
• Blockchain-enabled efficiency, providing near-instant settlement, flexible  custody options, real-time transparency of the shareholder register, and 24/7  borderless transferability of fund shares.
• Programmatic access via API or smart contracts.

Amundi serves as SAFO’s delegated investment manager, with CACEIS acting as  depositary bank and fund administrator. Spiko acts as transfer agent, tokenization  platform, and broker for the fund shares.

The shareholder register is hosted on  Ethereum and Stellar, with the ability to expand to additional networks in response to  investor demand.

Chainlink provides the oracle infrastructure to record SAFO’s NAV on chain.

SAFO is currently available to eligible investors through Spiko, with plans to broaden  access via Spiko’s API-enabled distribution network.

Jean-Jacques Barbéris, head of Institutional and Corporate Clients, and ESG at  Amundi said:

“SAFO provides professional investors with a fast and transparent access  to cash management solutions. This initiative is part of our ambition to contribute to the  rise of tokenized solutions.”

Paul-Adrien Hyppolite, co-founder and CEO of Spiko, added:

“Clients will benefit from  the reliability of Spiko’s fund issuance and distribution infrastructure.”

As of 9:55 am WAT, Bitcoin rose 3.71% to $87,480, while Ethereum gained 4.05%, trading at $2,093, buoyed by positive investor sentiment despite concerns over upcoming U.S. tariffs and key economic data releases later this week.

The global cryptocurrency market capitalisation increased by 2.94% in the past 24 hours, reaching $2.84 trillion.

Other notable performers included XRP, Cardano, and Dogecoin, which posted gains of 3%, 2%, and 3.8%, respectively. Chainlink, Avalanche, Hedera, and Stellar recorded growth ranging from 3% to 10%.

“Bitcoin is holding above $86,000, registering a 3% gain today. The key resistance level to watch is $86,700; a breakout could pave the way for $90,000,” said Vikram Subburaj, CEO of Giottus.

Bitcoin’s market capitalisation surged to $1.727 trillion, with dominance rising to 60.73%. Its 24-hour trading volume soared by 93% to $18.2 billion, while stablecoin transactions accounted for 94.74% of total crypto trading, reaching $57.58 billion, according to CoinMarketCap.

Solana (SOL) emerged as a standout performer, surging over 7% in the past 24 hours to trade above $139.

The rally was fueled by reports suggesting that President Trump’s April 2 tariffs may be more targeted than initially feared, easing market concerns.

Solana’s momentum aligns with unprecedented acceptance rates. DeFiLlama reported that Solana’s total value locked (TVL) reached 54.87 million SOL, its highest level since June 2022. Ali Charts revealed that a record 11.09 million addresses now hold SOL, underscoring growing adoption.

Additionally, over $72 million in assets have recently been bridged from Ethereum to Solana. Solana’s weekly active addresses (17 million) significantly exceed Ethereum’s (1.8 million), while Binance’s rising SOL wallet balances point to fresh accumulation following recent selling activity.

Institutional acceptance of Solana continues to grow, with Volatility Shares launching two Solana futures ETFs (SOLZ and SOLT) on Nasdaq on March 21.

Major asset managers, including Franklin Templeton and VanEck, have also applied for spot Solana ETFs, signalling increased interest in the cryptocurrency.

BitMEX co-founder Arthur Hayes expressed optimism about Bitcoin’s trajectory, stating, “The Fed’s policy orientation could help Bitcoin achieve $110k before it retests $76.5k.”