Chainlink Powers Amundi and Spiko's SAFO Fund as LINK Price Struggles Below $10

Amundi, Europe's largest asset manager overseeing approximately €2.4 trillion in assets, has teamed up with tokenization platform Spiko to launch the Spiko Amundi Overnight Swap Fund (SAFO), a $100 million tokenized investment vehicle built on blockchain infrastructure. Central to this launch is Chainlink, which serves as the oracle layer responsible for recording the fund's Net Asset Value directly on-chain across both Ethereum and Stellar networks.

Chainlink's integration means NAV data pulled from Amundi is written to the blockchain in near real time, allowing anyone to independently verify pricing through smart contracts. This level of transparency addresses one of the longstanding challenges in traditional asset management — trustworthy, auditable reporting. Beyond NAV automation, Chainlink also enables cross-chain interoperability, further reinforcing its growing role in the real-world asset tokenization space. Chainlink's Chief Business Officer Johann Eid noted that the adoption of Chainlink's standard by a major institution like Amundi continues to amplify the protocol's network effect across the industry.

On-chain data signals growing confidence in LINK despite the price stagnation. According to CryptoQuant, exchange reserves dropped from 130 million to 127.6 million LINK over the past month, indicating investors are moving tokens off exchanges and reducing available sell pressure. Spot LINK ETFs in the United States also recorded their highest daily net inflow since January 20, reaching $3.34 million on March 19, according to SoSoValue — a sign of rising institutional interest through traditional finance channels.

Despite these bullish fundamentals, LINK's market price continues to face headwinds. The token has remained in a downtrend throughout 2025, declining roughly 70% while forming consecutive lower highs and lower lows. Broader macroeconomic caution continues to suppress altcoin momentum, keeping LINK pinned below the psychologically significant $10 resistance level.