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- Amundi has introduced its first tokenized euro money market fund on the Ethereum network.
- Investors stand to gain faster order processing and access to a wider and more digitally savvy investor base.
Amundi has publicly announced that it has launched the first tokenized share class of its euro-denominated money market fund AMUNDI FUNDS CASH EUR. The new share class, named AMUNDI FUNDS CASH EUR, J28 EUR DLT (C), became available in a hybrid structure where investors can access the fund either via traditional channels. The second option is on-chain via Ethereum (ETH), with the first on-chain transaction already recorded on November 4.
As of 2025, Amundi is Europe’s leading asset manager, managing about €2.3 trillion in assets and placing it in the top ten investment managers worldwide. The tokenization infrastructure, digital wallets for investors, and the platform for processing subscriptions and redemptions were provided by CACEIS, a major European asset-servicing group.
Jean-Jacques Barbéris, Head of Institutional and Corporate Clients, and ESG at Amundi, said:
“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. While ensuring the highest security standards, Amundi will continue and expand its tokenization initiatives to benefit its clients in France and internationally.”
Benefits of Tokenization
According to Amundi and CACEIS, placing this fund on the blockchain offers several benefits. For one, it creates transparent and tamper-proof record-keeping; every unit and transaction is logged on Ethereum, making ownership and transfer history easy to track and audit. It also opens the door to true 24/7 access, meaning investors could potentially buy or redeem shares at any time, not just during regular market hours.
The fund itself hasn’t changed; it’s still a traditional euro-denominated money market fund. It holds short-term, high-quality euro-based debt, including standard money-market instruments and overnight repurchase agreements with European government counterparties.
The Ethereum network leads the real-world asset market, controlling around 64% of total value and over 72% including layer-2 networks, while also supporting the majority of stablecoins, over 60% of the total supply. According to RWA.xyz, over the past 30 days, RWA transfer volume reached $105.94 billion after an 8.54% increase, while stablecoin transfer volume hit $2.73 trillion, up 12.36% from the previous month.