Amundi, Europe's largest asset manager with €2.4 trillion AUM, and Spiko Finance have launched SAFO, a UCITS-compliant tokenized fund on the Solana blockchain. SAFO operates as a sub-fund under the SPIKO SICAV structure, backed by total return swaps with BNP Paribas as a Tier 1 banking counterparty, and is regulated under French law. This launch expands Amundi's blockchain strategy to eight chains and coincides with growing institutional interest in Solana, highlighted by US Solana ETFs surpassing $1 billion in assets. The fund's UCITS status allows seamless distribution across the EU, reducing compliance barriers for institutional investors and signaling a structural shift toward broader European adoption of blockchain-based investment products.
Solana (SOL) recently rallied to $98.41 but failed to break the key $100 resistance, hindered by a prevailing bearish trend and weak market sentiment despite Bitcoin's rise. The $95.26 level from April 2025 has acted as resistance in 2026, with selle...
Solmate Infrastructure, a Nasdaq-listed company focused on Solana blockchain infrastructure, raised about $11.4 million through a registered direct offering of 2.3 million Class B shares priced at $4.97 each. The capital raise, closing around May 27,...
Ethereum spot ETFs saw $104 million in outflows on May 7, while Solana ETFs recorded $1.12 billion in inflows over 11 consecutive days, highlighting a clear institutional rotation within crypto assets. This shift shows investors are now making more s...
SOL Strategies acquired Zyga, a zero-knowledge proof system built natively for Solana, for $1.2 million to enable private trade execution and regulatory compliance for institutional users. Zyga protects trades from front-running bots and supports zkK...
Solana (SOL) is maintaining its price above $85 as it undergoes testing for the Alpenglow network upgrade and experiences renewed inflows into Solana ETFs, indicating growing institutional interest. The Alpenglow upgrade aims to improve transaction f...
