Amundi launches tokenized euro money market fund on Ethereum

Europe's largest asset management company Amundi has launched its first tokenized share class for euro money market funds. The fund is now offered in a hybrid structure, allowing investors to choose between the traditional version and the blockchain-based new version. The first transaction was recorded on November 4 on the Ethereum network.

This product launch was completed in collaboration with the European asset servicing group CACEIS, which provided the tokenization infrastructure, investor wallets, and a digital order system for processing subscriptions and redemptions. According to both companies, tokenizing the fund can simplify the order processing workflow, broaden new investor channels, and enable 24/7 trading.