Amundi, Europe's largest asset manager with €2.4 trillion in assets under management, has launched a UCITS-compliant fund on the Solana blockchain in collaboration with Spiko Finance. This move positions Solana alongside Ethereum and Bitcoin for institutional allocations. The fund, named the Spiko Amundi Overnight Swap Fund (SAFO), is a UCITS sub-fund of the French-regulated SPIKO SICAV and is overseen by the Autorité des marchés financiers. It utilizes fully collateralized total return swaps with Tier-1 banks, with BNP Paribas as the initial counterparty. The launch of this fund is significant as it leverages the European Union's UCITS framework, allowing the fund to be distributed across the entire European Economic Area without separate registrations. This development comes amid growing institutional interest in Solana, evidenced by recent infrastructure investments from Visa, PayPal, and Stripe, and the crossing of $1 billion in assets under management by US Solana spot ETFs. Amundi's entry into Solana marks a strategic move in the evolving landscape of institutional crypto investments, despite contrasting strategies from other financial giants like Goldman Sachs.