Amundi brings euro money market fund onchain with first tokenized share
The asset manager’s hybrid rollout enables investors to choose between the traditional fund and a new blockchain-based version recorded on Ethereum.
Amundi, Europe’s largest asset manager, has introduced its first tokenized share class for a euro money market fund.
The fund is now offered in a hybrid structure, allowing investors to choose between the traditional version and the new blockchain-based one. The first transaction was recorded on the Ethereum network on Nov. 4.
The rollout was developed in collaboration with CACEIS, a European asset-servicing group that provided the tokenization infrastructure, investor wallets, and the digital order system used to process subscriptions and redemptions.