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A Major Milestone in European Fund Tokenization
Amundi, Europe’s largest asset manager with approximately $2.3 trillion in assets under management, has unveiled the first tokenized share class of one of its money market funds. The new class, named “Amundi Funds Cash EUR – J28 EUR DLT,” is now live and recorded directly on the public Ethereum blockchain.
According to Amundi, the initiative is part of a broader roadmap aimed at integrating digital asset technologies into traditional fund infrastructure. The firm says tokenization can streamline operations, enhance transparency, and broaden investor access without disrupting existing distribution channels.
Ethereum-Powered Transparency and Traceability
The Paris-based firm highlighted the core advantage of this new launch: transparent and immutable record-keeping. By issuing the fund’s share class on Ethereum, Amundi ensures that all unit movements are permanently traceable on-chain.
The company described the announcement as “a milestone in the modernization of fund infrastructure,” underscoring its commitment to exploring blockchain-driven efficiencies. Amundi emphasized that the tokenized share class complements — rather than replaces — traditional avenues for fund access.
CACEIS Powers the Digital Infrastructure
The tokenization initiative was developed in partnership with CACEIS, one of Europe’s leading asset-servicing providers. CACEIS supplies the underlying technology stack, including digital investor wallets and a blockchain-based order management platform that supports both subscription and redemption processes.
CACEIS CEO Jean-Pierre Michalowski called the launch “a decisive step toward our goal of enabling 24/7 subscription and redemption services for fund units, payable in stablecoins or, eventually, central bank digital currencies.”
Amundi Sees Global Acceleration in Asset Tokenization
Amundi executive Jean-Jacques Barberis, Head of Institutional and Corporate Clients and ESG, said the firm sees the tokenization of financial assets as “a transformation set to accelerate in the coming years around the world.” He added that Amundi plans to expand its tokenization efforts for both French and international clients.
