Amundi Launches Its First Tokenized Money Market Fund on Ethereum

Amundi has launched its first tokenized share class on Ethereum, marking a major step in Europe’s shift toward blockchain-based fund distribution. The move underscores the rapid growth of tokenized money market funds and Ethereum’s dominance in real-world asset tokenization.

Europe’s Largest Asset Manager Enters Fund Tokenization

Amundi, Europe’s largest asset manager, has officially entered the tokenization landscape with the launch of its first on-chain share class for the Amundi Funds Cash EUR money market fund. The initiative leverages the public Ethereum blockchain, using distributed ledger technology to transparently track fund units and record transactions.

Amundi’s move signals growing institutional comfort with public blockchain infrastructure, particularly for regulated financial instruments. The launch is the result of a partnership with CACEIS, one of Europe’s leading asset-servicing providers. CACEIS is supplying the underlying infrastructure, including tokenization tools, investor digital wallets, and a blockchain-based order system supporting real-time subscriptions and redemptions.

Amundi highlighted several benefits for investors and distributors: instant order execution, operational availability around the clock, and broader access to new types of investors seeking digital-native financial products.

Jean-Jacques Barbéris, Amundi’s Head of Institutional and Corporate Clients, said: “This first initiative on a money market fund demonstrates our expertise and the robustness of our methodology in covering concrete use cases. Amundi will continue and expand its tokenization initiatives to benefit its clients.”

The rollout arrives as tokenized money market funds continue expanding, now totaling roughly $9 billion in assets, a small but rapidly growing segment. These funds are typically used as secure, liquid collateral for stablecoin issuance rather than free-floating assets in decentralized finance. Still, their emergence hints at a deeper bridge forming between traditional finance and on-chain markets.

Read more: DWF Labs Launches $75 Million Fund to Accelerate DeFi Infrastructure Development

Zooming out, the tokenized asset sector has surpassed $36 billion, led largely by private credit. Ethereum remains the top chain for real-world assets, securing nearly $12 billion of tokenized value (excluding stablecoins). Much of this growth accelerated in 2025, driven by inflows from U.S. money market funds migrating to blockchain rails.

FAQ🪙

• What did Amundi tokenize?
  A share class of its Amundi Funds Cash EUR money market fund.
• Which blockchain was used?
  The fund’s tokenized shares run on the public Ethereum network.
• Why tokenize fund shares?
  To offer faster transactions, broader access, and 24/7 operability.

• How big is the tokenized fund market today?
  Around $9 billion for tokenized money market funds and $36 billion across all tokenized assets.