Amundi, Europe’s largest asset management company, has taken the first step towards tokenization. This marks a significant step in blockchain integration by introducing the first on-chain tokenized Euro money market fund.
Developed in collaboration with CACEIS, the fund offers both traditional and blockchain-based versions.
This tokenization increases the efficiency of order processing, expands investor access, and enables continuous trading.
The first trade was executed on the Ethereum network on November 4th, as Amundi selected Ethereum (ETH) for its AMUNDI FUNDS CASH EUR fund.
The move marks a trend consistent with similar efforts from BlackRock and Franklin Templeton, which are expanding their tokenized fund offerings.
With this move, Ethereum strengthens its leadership in RWA tokenization.
Amundi also began preparing the first Bitcoin index-linked exchange-traded investment product (ETP) in October.
Amundi is the region’s leading asset manager and one of the 10th largest companies in the world with approximately €2.3 trillion in assets under management.
Amundi serves 100 million customers, including individuals, institutions, and businesses, and operates in 35 countries.
*This is not investment advice.