Amundi, the European Union’s largest investment fund manager, has announced that it will tokenize part of its money market funds (money market funds), called AMUNDI FUNDS CASH EUR, with a value of 5 billion euros.
What the manager has done is issue a new class of shares in an existing fund. Its ownership and operations are fully tokenized within the Ethereum network.
France-based Amundi justified its use of Ethereum by noting that it enables “transparent record-keeping and transaction traceability on a fund-by-fund basis.”
The first trade under this scheme was executed on November 4th. Funds are currently distributed in a hybrid manner, offered through traditional access and tokenized staking. The official statement did not elaborate on the percentage of investment funds that will be tokenized.
This development is the result of a collaboration with CACEIS, an asset management services provider responsible for the technology infrastructure, including the tokenization of fund units, a digital wallet for investors, and a digital ordering platform.
“The tokenization of assets is a transformation that will accelerate globally in the coming years,” said Jean-Jacques Barberis, Director of Institutional and Corporate Clients at Amundi, highlighting that the company’s first foray into money market funds demonstrates the company’s experience and methodology.
attack of Amundi joins global trends seen in the traditional financial industry. For example, BlackRock, the world’s largest asset management company, is also active in this space with its BUIDL tokenization fund launched in 2024. According to a report by CriptoNoticias, the fund operates on networks such as Ethereum, Solana, and Polygon.
Amundi is also preparing to enter the Bitcoin (BTC) exchange-traded fund (ETF) space. The French company plans to launch these financial products in early 2026.
(Tag to translate) Cryptocurrency
