Amundi, Europe's largest asset manager, has launched a €2.4 trillion UCITS-compliant tokenized fund on the Solana blockchain. The fund, named SAFO, was developed in collaboration with Spiko Finance and operates under the supervision of the French financial regulator, AMF. This initiative marks a significant step in institutional crypto adoption, allowing cross-border marketing across EU member states under a unified regulatory framework. The fund's structure involves Amundi providing asset management expertise, while Spiko Finance acts as the transfer agent and tokenization platform. CACEIS, Amundi's custody affiliate, handles depositary duties and fund administration. The fund utilizes total return swap contracts backed by Tier 1 banks, including BNP Paribas, with subscriptions available in multiple currencies. Amundi's move onto Solana adds a substantial European institutional presence to the blockchain, complementing growing U.S. interest, where Solana spot ETFs have surpassed $1 billion in assets under management. This development underscores Solana's appeal due to its transaction throughput and expanding institutional infrastructure, potentially lowering barriers for conservative European investors to enter the crypto market.