European asset management company Amundi has partnered with CACEIS to announce the first tokenized fund to run on the Ethereum blockchain.
Amundi launches tokenized fund on Ethereum
According to an announcement on its official website, Amundi has launched the first tokenized shares of one of its money market funds. Amundi is a France-based wealth management company serving more than 100 million users worldwide and managing more than $2.3 trillion in assets. The company is Europe’s largest traditional asset manager and one of the top 10 in the world.
Latest news suggests that asset managers are moving towards blockchain-based tokenization. A “tokenized” asset refers to a digital representation of a real-world asset, such as a stock or metal. Jean-Jacques Barberis of Amundi said: “The tokenization of assets is a transformation that will accelerate across the world in the coming years.”
The fund tokenized by Amundi is AMUNDI FUNDS CASH EUR Money Market Fund. According to the website description, the fund aims to generate returns based on European Central Bank interest rates.
The first transaction of the tokenized fund took place on November 4th. This product is now distributed in a hybrid manner. This means that users can access your product through both traditional and tokenized shared roots.
Amundi leverages the Ethereum blockchain for trading tokenized funds. Ethereum, whose native token ETH is the second-largest digital asset by market capitalization, hosts a vibrant ecosystem of DeFi and tokenization projects thanks to its smart contract system.
Amundi’s tokenization move was made in collaboration with CACEIS, a leading European asset services company. “CACEIS will provide the technology and infrastructure for the tokenization of fund units, a digital portfolio for investors, and a digital ordering platform for subscriptions and redemptions,” the announcement said.
Unlike traditional transaction systems, blockchains like Ethereum offer 24/7 availability, and transfers tend to be fast and cheap. Amundi pointed out that the tokenization move will bring these benefits to investors and fund managers.
Jean-Pierre Michalowski, CEO of CACEIS, said:
This is a decisive step towards achieving our goal of providing a 24/7 subscription and redemption service for investment fund units paid with stablecoins (EMTs) or central bank digital currencies when they become available.
This new move is not Amundi’s only digital asset-related initiative. As Big Whale co-founder Gregory Raymond reported in an October X post, the European asset manager is preparing to issue the first Bitcoin exchange-traded note (ETN) in early 2026.
ETNs are investment vehicles that track the price of an underlying asset and allow investors to gain indirect exposure to its movements. “For Europe, Amundi’s entry is a game changer,” Raymond pointed out. “It could push the crypto ETP market to another level, and above all, it could bring Bitcoin the institutional legitimacy it still lacked in the Old World.”
ETH price
As of this writing, Ethereum is trading around $3,000, up over 11% from last week.
The price of Ethereum seems to have been climbing in recent days | Source: ETHUSDT on TradingView
Featured image from Dall-E, chart from TradingView.com
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