Europe’s largest asset manager Amundi tokenizes money market fund on Ethereum
Amundi tokenized a money market fund share class on the Ethereum blockchain in collaboration with CACEIS.Summary
Amundi, Europe's largest asset manager with $2.3 trillion AUM, has launched the first tokenized shares of one of its money market funds, labeled Amundi Funds Cash EUR - J28 EUR DLT, utilizing distributed ledger technology on the public Ethereum blockchain. This initiative, developed with asset-servicing provider CACEIS, aims to modernize fund infrastructure by enabling transparent record-keeping and full transaction traceability.
CACEIS supplies the technology stack, including digital wallets and a blockchain-based order platform for subscriptions and redemptions. CACEIS CEO Jean-Pierre Michalowski stated this is a step toward offering 24/7 services payable in stablecoins or CBDC. The firms highlighted benefits like instant order execution and 24/7 operational continuity, emphasizing that traditional distribution channels remain fully accessible.
Amundi views this as a key part of its digital assets roadmap, with Jean-Jacques Barberis noting that asset tokenization is set to accelerate globally. The article also notes the rapid expansion of real-world asset (RWA) tokenization in 2025, with the market cap growing significantly, led by the Provenance blockchain, followed by Ethereum.
(Source：The Block)