Europe’s Largest Asset Manager Makes History with First Tokenized Fund on Ethereum

Amundi, Europe's largest asset manager managing €2.2 trillion, made history by recording its first transaction for a tokenized fund on Ethereum's public blockchain on November 4, 2025. This tokenized version, "AMUNDI FUNDS CASH EUR J28 EUR DLT," is a digital representation of their existing €5 billion AMUNDI FUNDS CASH EUR money market fund, which invests in short-term European government bonds. The launch utilizes a hybrid approach, allowing investors to choose between traditional shares or blockchain-based tokens, both accessing the same underlying assets. This innovation was powered by a partnership with CACEIS, which provided the necessary infrastructure for 24/7 subscription/redemption and secure token management. Amundi's move follows similar initiatives by US firms like BlackRock and Franklin Templeton, but marks the first major European entry into tokenized money market funds. Tokenization offers benefits like 24/7 trading, increased transparency via the public ledger, and potential cost reductions, all while maintaining full regulatory compliance with existing European financial laws.

(Source：Brave New Coin)