Spiko Amundi Overnight Swap Fund (EUR) (EURSAFO) stablecoin analytics
Answer First
What is Spiko Amundi Overnight Swap Fund (EUR) (EURSAFO)?
EURSAFO is Spiko's EUR share of the Spiko/Amundi Smart Cash fund, an AMF-authorized UCITS using fully collateralized overnight total-return swaps. The static profile records its Euro-denominated NAV accounting mechanism as: EUR-denominated NAV-accreting share class; subscriptions and redemptions are KYC-gated through Spiko fund-transfer rails at the published fund NAV.
Is EURSAFO safe?
EURSAFO holds a C- Safety Score grade (54/100) in Pharos's latest published rating — a middle-tier grade that meets baseline expectations but carries meaningful weaknesses, so Pharos does not consider it clearly safe. Static metadata says Spiko Amundi Overnight Swap Fund (EUR) uses a Centralized (CeFi) governance model and Real-World Asset Backed backing, with Independent Audit from PricewaterhouseCoopers Audit is the statutory auditor named in the Spiko SICAV prospectus. The linked AMF authorization certificate is not a financial assurance report. The AMF-hosted 30 June 2026 semiannual report contains SAFO assets, liabilities, share counts and NAVs, but no audit opinion; a current SAFO-specific financial audit opinion remains unverified.; the main caveat is that issuer or admin freeze controls are recorded. Treat the live peg, liquidity, reserve, dependency, and Safety Score sections below as the current risk read.
Static Profile
Static stablecoin profile
Spiko Amundi Overnight Swap Fund (EUR) (EURSAFO) static profile: governance model Centralized (CeFi); backing model Real-World Asset Backed; peg Euro-denominated NAV.
AI summary / Updated Sep 7, 2026
EURSAFO is the euro share class of Spiko and Amundi's Smart Cash fund, an AMF-authorized UCITS structure that behaves like a NAV-accreting fund token rather than a bank-deposit stablecoin. The reserve is fully collateralized overnight total-return swap exposure with a tier-1 bank counterparty, currently BNP Paribas, with CACEIS Bank as depositary, so Pharos treats it as medium-risk RWA strategy exposure instead of pretending it is a plain euro cash account.
AI summary · drafted by claude-fable-5-1 · facts as of Sep 7, 2026
- Collateral
- EUR share class of the Spiko / Amundi Smart Cash fund using fully collateralized total-return swaps with tier-1 bank counterparties and collateral made of liquid financial instruments / money-market fund exposure.
- Peg Mechanism
- EUR-denominated NAV-accreting share class; subscriptions and redemptions are KYC-gated through Spiko fund-transfer rails at the published fund NAV.
- Jurisdiction
- France / AMF / UCITS SICAV sub-fund
- Proof Of Reserves
- Independent Audit by PricewaterhouseCoopers Audit is the statutory auditor named in the Spiko SICAV prospectus. The linked AMF authorization certificate is not a financial assurance report. The AMF-hosted 30 June 2026 semiannual report contains SAFO assets, liabilities, share counts and NAVs, but no audit opinion; a current SAFO-specific financial audit opinion remains unverified. Reserve source
Next Actions
Exact bot target: /subscribe dews,depeg,safety eursafo-spiko
Source: checked-in StablecoinMeta profile fields. Live price, supply, reserve, liquidity, event, and safety data load in the interactive dossier below; the summary above was last updated Sep 7, 2026.
EURSAFO quick answers
What is Spiko Amundi Overnight Swap Fund (EUR) (EURSAFO)?
EURSAFO is Spiko's EUR share of the Spiko/Amundi Smart Cash fund, an AMF-authorized UCITS using fully collateralized overnight total-return swaps. The static profile records its Euro-denominated NAV accounting mechanism as: EUR-denominated NAV-accreting share class; subscriptions and redemptions are KYC-gated through Spiko fund-transfer rails at the published fund NAV.
Is EURSAFO safe?
EURSAFO holds a C- Safety Score grade (54/100) in Pharos's latest published rating — a middle-tier grade that meets baseline expectations but carries meaningful weaknesses, so Pharos does not consider it clearly safe. Static metadata says Spiko Amundi Overnight Swap Fund (EUR) uses a Centralized (CeFi) governance model and Real-World Asset Backed backing, with Independent Audit from PricewaterhouseCoopers Audit is the statutory auditor named in the Spiko SICAV prospectus. The linked AMF authorization certificate is not a financial assurance report. The AMF-hosted 30 June 2026 semiannual report contains SAFO assets, liabilities, share counts and NAVs, but no audit opinion; a current SAFO-specific financial audit opinion remains unverified.; the main caveat is that issuer or admin freeze controls are recorded. Treat the live peg, liquidity, reserve, dependency, and Safety Score sections below as the current risk read.
What backs EURSAFO?
Pharos classifies EURSAFO backing as Real-World Asset Backed. Collateral, per the static profile: EUR share class of the Spiko / Amundi Smart Cash fund using fully collateralized total-return swaps with tier-1 bank counterparties and collateral made of liquid financial instruments / money-market fund exposure. Reserve evidence: Independent Audit from PricewaterhouseCoopers Audit is the statutory auditor named in the Spiko SICAV prospectus. The linked AMF authorization certificate is not a financial assurance report. The AMF-hosted 30 June 2026 semiannual report contains SAFO assets, liabilities, share counts and NAVs, but no audit opinion; a current SAFO-specific financial audit opinion remains unverified..
Can EURSAFO be frozen or blacklisted?
Based on tracked contract metadata and blacklist coverage, issuer or admin freeze controls are recorded. Live freeze and blacklist events for EURSAFO, when applicable, appear in the dossier below.
