Amundi tokenizes €5 billion money market fund on Ethereum
|- European asset manager Amundi has tokenized its euro money market fund on Ethereum.
- The AMUNDI FUNDS CASH EUR money market fund marks Amundi's first tokenized product.
- The initiative was launched in partnership with CACEIS.
Amundi has rolled out a tokenized share class for its AMUNDI FUNDS CASH EUR fund, developed with CACEIS and issued on the Ethereum blockchain.
Amundi brings money market fund on-chain in partnership with CACEIS
Amundi, Europe's leading asset manager, announced the launch of a tokenized share class of the AMUNDI FUNDS CASH EUR money market fund on Thursday, a milestone made possible through its partnership with CACEIS, a key European player in asset servicing.
The inaugural transaction took place on November 4, marking the start of hybrid distribution for the fund, which will remain available through traditional channels alongside its new tokenized share class, AMUNDI FUNDS CASH EUR – J28 EUR DLT (C).
The initiative leverages the Ethereum blockchain to record fund units transparently and ensure secure, traceable transaction flows. By introducing a tokenized share class, Amundi is positioning itself within the growing segment of blockchain-enabled fund infrastructure in Europe, a market increasingly shaped by regulatory clarity and institutional experimentation.
"The tokenization of assets is a transformation set to accelerate in the coming years around the world. This first initiative on a money market fund demonstrates our expertise and the robustness of our methodology in covering concrete use cases," said Jean-Jacques Barbéris, Head of Institutional and Corporate Clients, and ESG at Amundi.
The move signals a rise in tokenization in Europe, with Amundi's new fund mirroring that of BlackRock's BUIDL fund, which launched in March 2024.
Amundi's choice of Ethereum adds to the picture. Ethereum is the largest blockchain for tokenized assets, with a market capitalization of $11.5 billion, according to RWA.xyz. This far outpaces BNB Chain and Solana networks, which follow behind with tokenized values of $1.6 billion and $827 million, respectively.
Standard Chartered previously predicted that Ethereum would lead the tokenization boom, emphasizing the network's proven stability. The bank noted that Ethereum has operated for more than a decade without a single mainnet outage, arguing that advantages like higher speed or lower fees on alternative blockchains are ultimately "irrelevant" compared with Ethereum's reliability, security, and established ecosystem.
The bank's outlook reinforces the broader context behind Amundi's move. Standard Chartered estimates that tokenized money-market funds and listed equities could each account for roughly $750 billion of an expected $2 trillion tokenized-assets market in the coming years. The remaining growth, according to the firm, will stem from tokenized funds, private equity, commodities, corporate debt, and real estate.
Amundi's introduction of a blockchain-native share class adds another major institution to the roster of traditional finance players turning to Ethereum as the foundational layer for real-world asset tokenization.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.