Amundi, Europe’s largest asset manager, has made a noteworthy advancement in blockchain finance by partnering with tokenization platform Spiko to launch the $100 million Spiko Amundi Overnight Swap Fund. This innovative fund utilizes Chainlink’s technology to publish its Net Asset Value (NAV) directly on-chain, reflecting a growing institutional interest in transparent and verifiable financial infrastructure.
The fund takes advantage of Chainlink’s oracle network, which provides near-real-time NAV data on both Ethereum and Stellar. This integration allows authorized parties to access the latest token prices without the need for manual data reconciliation, significantly reducing operational complexities associated with multi-chain deployments. The cross-chain architecture enables seamless consumption of data across multiple networks, enhancing the efficiency of the tokenized fund.
Johann Eid, Chainlink’s chief business officer, noted this launch as part of a broader trend in the financial industry. “Amundi, Europe’s largest asset manager, is using Chainlink for the distribution of its tokenized fund. One by one, every tokenized asset is adopting the Chainlink standard, amplifying the network effect and distribution by the day,” he remarked. This partnership signifies a shift in the approach of traditional financial institutions toward tokenization, treating it not just as a settlement mechanism but also as a tool for ensuring transparency.
The implementation of real-time on-chain NAV reporting aims to bridge a gap that has long existed between conventional fund administration practices and the auditability required by blockchain-native participants. For institutional investors considering exposure to tokenized assets, reliable on-chain pricing is becoming essential.
On the other hand, recent on-chain data provides a more tempered view for LINK token holders. Chainlink’s exchange reserves have seen a decrease from approximately 130 million to 127.6 million over the past month, indicating a trend of sustained withdrawals and diminished supply for selling. However, on March 19, U.S. spot LINK exchange-traded funds noted a significant inflow of $3.34 million, the largest since January 20, according to data from SoSoValue.
Despite these positive inflows and institutional interest, LINK has struggled to surmount the $10 mark—a level it has repeatedly attempted to breach since February. The token has experienced a pattern of lower highs and lower lows since June 2025, with a substantial decline of roughly 70% from its all-time peak. This trend reflects the broader corrections seen in the altcoin market, influenced by ongoing macroeconomic uncertainties and a risk-off sentiment among investors.
The pivotal question remains whether the combination of institutional adoption, decreasing exchange supply, and increasing ETF inflows will be sufficient to reverse LINK’s technical downtrend. Amundi’s latest initiative further underscores a growing endorsement of Chainlink’s infrastructure within the financial sector, marking a significant milestone in the convergence of traditional finance and blockchain technology.
