Spiko Amundi Overnight Swap Fund (GBP) (GBPSAFO) stablecoin analytics
Answer First
What is Spiko Amundi Overnight Swap Fund (GBP) (GBPSAFO)?
GBPSAFO is the GBP share of Spiko's UCITS Amundi Smart Cash fund, a regulated overnight-swap money-market vehicle authorized by the AMF. The static profile records its British Pound-denominated NAV accounting mechanism as: GBP-denominated NAV-accreting share class; subscriptions and redemptions are KYC-gated through Spiko fund-transfer rails at the published fund NAV.
Is GBPSAFO safe?
GBPSAFO holds a C- Safety Score grade (53/100) 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 (GBP) uses a Centralized (CeFi) governance model and Real-World Asset Backed backing, with Independent Audit from PricewaterhouseCoopers Audit, statutory auditor (SAFO, the Spiko Amundi Overnight Swap Fund, was authorised by the AMF on 2026-02-23 and its first financial year has not closed, so no PwC certification exists yet; the spiko.io fund pages are unlaunched placeholders with dummy data and the 'four audits annually' claim is template marketing text); 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 (GBP) (GBPSAFO) static profile: governance model Centralized (CeFi); backing model Real-World Asset Backed; peg British Pound-denominated NAV.
AI summary / Updated Sep 7, 2026
GBPSAFO is the GBP share class of Spiko's AMF-authorized UCITS Amundi Smart Cash MMF, a permissioned NAV share that accretes value from a fully collateralized overnight total-return swap. The reserve description follows the same swap structure as the USD and EUR SAFO classes, so the RWA risk model is medium: returns depend on a swap counterparty and a collateral basket marked daily, with a UCITS depositary in between, and the fund's first financial year has not closed, so no auditor certification exists yet. The...
AI summary · drafted by claude-fable-5-1 · facts as of Sep 7, 2026
Sources: Spiko Smart Cash legal documentation
- Collateral
- GBP share class of Spiko's Amundi-managed Smart Cash UCITS fund. Returns come from a fully collateralized total-return swap under which counterparty BNP Paribas pays SONIA + 0.27% daily; the swap is backed by a basket of listed equities marked to market daily, with CACEIS (Credit Agricole) acting as depositary.
- Peg Mechanism
- GBP-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, statutory auditor (SAFO, the Spiko Amundi Overnight Swap Fund, was authorised by the AMF on 2026-02-23 and its first financial year has not closed, so no PwC certification exists yet; the spiko.io fund pages are unlaunched placeholders with dummy data and the 'four audits annually' claim is template marketing text) Reserve source
Next Actions
Exact bot target: /subscribe dews,depeg,safety gbpsafo-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.
GBPSAFO quick answers
What is Spiko Amundi Overnight Swap Fund (GBP) (GBPSAFO)?
GBPSAFO is the GBP share of Spiko's UCITS Amundi Smart Cash fund, a regulated overnight-swap money-market vehicle authorized by the AMF. The static profile records its British Pound-denominated NAV accounting mechanism as: GBP-denominated NAV-accreting share class; subscriptions and redemptions are KYC-gated through Spiko fund-transfer rails at the published fund NAV.
Is GBPSAFO safe?
GBPSAFO holds a C- Safety Score grade (53/100) 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 (GBP) uses a Centralized (CeFi) governance model and Real-World Asset Backed backing, with Independent Audit from PricewaterhouseCoopers Audit, statutory auditor (SAFO, the Spiko Amundi Overnight Swap Fund, was authorised by the AMF on 2026-02-23 and its first financial year has not closed, so no PwC certification exists yet; the spiko.io fund pages are unlaunched placeholders with dummy data and the 'four audits annually' claim is template marketing text); 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 GBPSAFO?
Pharos classifies GBPSAFO backing as Real-World Asset Backed. Collateral, per the static profile: GBP share class of Spiko's Amundi-managed Smart Cash UCITS fund. Returns come from a fully collateralized total-return swap under which counterparty BNP Paribas pays SONIA + 0.27% daily; the swap is backed by a basket of listed equities... Reserve evidence: Independent Audit from PricewaterhouseCoopers Audit, statutory auditor (SAFO, the Spiko Amundi Overnight Swap Fund, was authorised by the AMF on 2026-02-23 and its first financial year has not closed, so no PwC certification exists yet; the spiko.io fund pages are unlaunched placeholders with dummy data and the 'four audits annually' claim is template marketing text).
Can GBPSAFO 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 GBPSAFO, when applicable, appear in the dossier below.
