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Amundi Launches First Tokenized Euro Fund on Ethereum for 24/7 Trading
Key Takeaways
- Amundi launches a tokenized euro money market fund on Ethereum by combining traditional and blockchain-based investment access;
- The hybrid setup, built with CACEIS, enables instant trades, 24/7 access, and future compatibility with stablecoins and CBDCs;
- The project showcases Amundi’s blockchain expertise and global tokenization plans for more efficient, digital fund distribution.
Amundi, a European asset manager, has launched a tokenized version of a euro money market fund that offers investors a traditional route and a blockchain-based version.
The first on‑chain transaction was on Ethereum
The initiative was created in partnership with CACEIS, an asset servicing company, which supplied the infrastructure, investor wallets, and the digital system for processing purchases and redemptions.
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The initiative uses distributed ledger technology along with the public Ethereum blockchain to record fund units and track transactions. This hybrid setup keeps the fund available in the regular way and through a tokenized share class known as AMUNDI FUNDS CASH EUR – J28 EUR DLT (C).
Benefits for investors and fund distributors include instant order execution, broader distribution to newer generations of investors, and continuous 24/7 operation.
Jean‑Pierre Michalowski, CEO of the asset‑servicing partner, explained that the new hybrid Transfer Agent service offers clients quick and easy access to a blockchain‑based distribution channel.
It marks a step toward delivering 24/7 subscription and redemption services for investment fund units payable in stablecoins or central bank digital currencies when they become available.
Jean‑Jacques Barbéris, head of institutional and corporate clients and ESG at the asset manager, said the project demonstrates the firm's expertise and strong methodology in real use cases. The company plans to continue and expand tokenization efforts to benefit clients in France and globally.
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