- Amundi has launched its first tokenized Euro money market fund on Ethereum, the AMUNDI FUNDS CASH EUR J28 EUR DLT.
- Amundi had already carried out the first on-chain transaction on the Ethereum blockchain on November 4th.
Report French asset manager Amundi has launched its first tokenized fund on Ethereum. In collaboration with the asset manager CACEIS, Amundi has presented the tokenized portion of its five billion euro money market fund AMUNDI FUNDS CASH EUR.
The fund follows a hybrid model that offers investors the flexibility to choose between the traditional version and a blockchain-based form. the “AMUNDI FUNDS CASH EUR J28 EUR DLT” uses blockchain technology to record investor ownership and transactions on the Ethereum network.
Jean-Jacques Barbéris, Head of Institutional and Corporate Clients and ESG at Amundi, comments on the new product:
“Asset tokenization is a financial tool that will become widespread worldwide in the coming years. This first money market fund initiative demonstrates our expertise and the robustness of our methodology in covering concrete use cases. Ensuring the highest security standards, Amundi will continue and expand its tokenization initiatives for the benefit of its customers in France and internationally.”
Tokenization is becoming popular globally and Amundi wants its market share
More and more companies and institutions are relying on tokenization. A current example is Chainlink. As CNF reportedChainlink has partnered with Kamino and xStocks to offer customers access to tokenized stocks such as METAx, GOOGLx, TSLAx and NVDAx.
Amundi’s tokenized money market funds have grown from less than a billion dollars at the end of 2023 to nine billion at the end of 2025. Tokenized treasuries and cash products also had a massive increase.
US competitors such as BlackRock and Franklin Templeton have already launched their tokenized products. So Amundi is a newcomer to the global market, and the competition is big and getting bigger.
The San Francisco-based software company Securitize has received the green light to operate a regulated trading platform. This makes Securitize the only licensed tokenization infrastructure with US roots operating under the EU’s DLT pilot regime.
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