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European asset manager Amundi has announced its first tokenized fund in partnership with CACEIS, running on the Ethereum blockchain.
Amundi Launches Tokenized Fund On Ethereum
As per an announcement on the official website, Amundi has launched the first tokenized share of one of its money market funds. Headquartered in France, Amundi is an asset manager that serves more than 100 million users worldwide and manages over $2.3 trillion in assets. It’s the largest traditional asset manager in Europe and among the top 10 globally.
The latest news suggests that the asset manager is now moving into blockchain-based tokenization. A “tokenized” asset refers to the digital representation of a real-world asset, like a stock or metal. “The tokenization of assets is a transformation set to accelerate in the coming years around the world,” said Amundi’s Jean-Jacques Barbéris.
The fund that Amundi has tokenized is its AMUNDI FUNDS CASH EUR money market fund. According to the website description, this fund seeks to deliver a return in line with the European Central Bank rate.
The first transaction of the tokenized fund occurred on November 4th. The product is now distributed in a hybrid manner, meaning that users can access it via both the traditional and tokenized share routes.
Amundi is leveraging the Ethereum blockchain for transactions of its tokenized fund. Ethereum, whose native token ETH is the second largest digital asset by market cap, hosts a vibrant ecosystem of DeFi and tokenized projects, thanks to its smart contracts system.
Amundi’s tokenization move comes in collaboration with CACEIS, a major asset servicing firm in Europe. “CACEIS provides the technology and infrastructure for tokenizing fund units, digital portfolios for investors, and the digital order platform for subscriptions and redemptions,” said the announcement.
Unlike traditional transaction systems, blockchains like Ethereum offer 24/7 availability year round, with transfers that tend to be fast and cheap. Amundi noted that the tokenization move will bring these benefits to investors and fund unit operators.
Jean-Pierre Michalowski, CACEIS CEO, said:
This is a decisive step towards achieving our goal of offering 24/7 subscription and redemption services for investment fund units payable in stable coins (EMT) or central bank digital currency when it becomes available.
This new move isn’t the only digital-asset-related initiative by Amundi. As reported by The Big Whale co-founder Grégory Raymond in an X post in October, the European asset manager is preparing to launch its first Bitcoin exchange-traded notes (ETNs) in early 2026.
ETNs are investment vehicles that track the price of an underlying asset and allow investors to gain indirect exposure to its movements. “For Europe, Amundi’s entry is a game-changer,” noted Raymond. “It could propel the crypto ETP market to another level, and above all, bring the institutional legitimacy that Bitcoin still lacked in the Old Continent.”
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