CHFSAFO Token: What the Spiko Amundi Fund Is and Its Risks

CHFSAFO is the ticker for the Swiss franc share class of the Spiko Amundi Overnight Swap Fund, called SAFO. The fund is a tokenized UCITS fund, a regulated European fund structure, launched by Spiko and Amundi, which Spiko describes as Europe's largest asset manager. Its CHF share class lets investors subscribe from as little as 1 CHF.

The fund aims to earn returns above the SARON benchmark, the Swiss franc overnight reference rate. According to the project description, it does this through fully collateralized total return swaps with top-tier banks, starting with BNP Paribas, while keeping overnight liquidity. The fund is supervised by the French AMF. Returns are not guaranteed, and a token's value can fall as well as rise.

CHFSAFO is best understood as a record of ownership in a fund share, not a general-purpose coin. Holders own a share of the fund's assets and can subscribe or redeem through the fund's own process. The project says the fund targets stable yields with overnight liquidity, which is a cash-management style of investing that trades some yield for ease of access.

The token is not used to pay fees on a chain, to vote on protocol changes, or to secure a network. Its net asset value is published on chain with Chainlink oracle feeds, which the project says reports the fund's value automatically. Readers should treat the token as a regulated fund product with its own rules, and check the fund documents for details on subscriptions, redemptions and eligibility.

Figures below are approximate and taken for 2026-11-05. At the time of writing, the token traded at about 1.22 USD, with a market capitalization of about 12.6 million USD. The circulating and total supply were both about 10.3 million tokens, and no maximum supply was listed. The 7-day price change was about 1.3 percent up.

Over the period covered by the data, the all-time high was about 1.26 USD, reached on 2026-08-20, and the all-time low was about 1.19 USD, reached on 2026-10-14. The data had no 24-hour volume figure and no one-year change. Because the token's price is designed to track a fund net asset value rather than trade freely on open markets, the price moves shown here may behave differently from those of typical crypto assets.

The project description lists several chains where the shareholder register is hosted: Ethereum, Polygon PoS, Arbitrum One, Starknet, Base, Etherlink and Stellar. The token is issued across these networks, so the same fund share may be represented on more than one chain. CHFSAFO is not the native token of any blockchain, so it does not have its own network or validator set.

The fund has a depositary bank, CACEIS, part of the Crédit Agricole group, and an auditor, PwC. These parties are named in the project description as part of the fund's structure. Anyone using the token should confirm which chain their holding sits on, since moving a fund share between networks may depend on the issuer's own process.

Holding a tokenized fund share carries several risks. The fund depends on swap counterparties, such as BNP Paribas, and on the collateral backing those swaps. Smart contract or bridge failures on any of the listed chains could affect access. Regulatory, custody and operational changes could also affect the token. Fund values can fall, and past price movements do not predict future ones.

To store a fund share, use a wallet that supports the chain where the token is held, and keep private keys or seed phrases offline and private. Check the issuer's official documents before buying, and be wary of copies of the token or of sites that imitate the issuer. This page is an explainer and not investment advice.