Europe's Largest Asset Manager Amundi Launches UCITS Fund on Solana

Amundi, Europe's largest asset manager with €2.4 trillion in assets under management, announced a UCITS fund on the Solana blockchain in partnership with Spiko Finance, which manages $1.7 billion. The development marks a major institutional adoption milestone for Solana, following concurrent milestones including US Solana spot ETFs crossing $1 billion in assets under management.

The UCITS (Undertakings for Collective Investment in Transferable Securities) structure enables the fund to be distributed across Europe under a single regulatory framework, lowering barriers for institutional and retail investors in the region to gain exposure to Solana-based assets.

The announcement coincided with a broader expansion of institutional infrastructure on Solana. Kraken rolled out regulated SPL custody supporting 18 tokens, while Jupiter Exchange partnered with Bitwise to build an institutional-grade lending market. Anza shipped P-Token to mainnet, and Kamino's Ethena market crossed $400 million in trading volume in 24 hours—its fastest market expansion to date.

Additional launches included Krwq, a Korean won-pegged stablecoin expanding to Solana; Ethena's ENA token going live natively on Solana via Sunrise DeFi; and Jito introducing FireBAM, a Firedancer-compatible client combining performance with privacy. Meteora launched DLMM Quote Token Fees, while Craft debuted Solana's first sealed-bid auction for demand-based price discovery.

Solana's ecosystem also saw growth in tokenized collectibles, with Beezie expanding its platform to the network and Collector Crypt teaming with ComicBook to launch a collectibles Gacha machine for 40 million users. Phygitals hit a new all-time high of $250 million in total platform volume.

Sources: Solana Official Twitter

This article was produced with the help of AI flows.