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In a landmark move toward blending traditional finance with blockchain technology, Amundi the largest asset manager in Europe has unveiled its first tokenized share class of a euro-denominated money market fund on Ethereum. The new share class of Amundi Funds Cash EUR, referred to as “AMUNDI FUNDS CASH EUR - J28 EUR DLT (C)”, went live on November 4, 2025. The initiative represents a significant shift in how institutional-grade cash-management products are distributed and accessed.
Amundi, which manages over €2.2 trillion in assets, described the launch as a critical step in its broader tokenization strategy. The tokenized fund operates in a hybrid structure: investors can continue to subscribe via traditional channels, or choose the blockchain-based version that offers on-chain tokenized shares recorded on Ethereum. The fund’s underlying portfolio comprised of short-term, high-quality euro-denominated instruments and sovereign repo agreements remains unchanged, ensuring that the tokenized version retains the same risk profile and yield characteristics as the traditional fund.
The technical infrastructure behind the tokenization is provided by CACEIS, a leading European asset servicing firm. CACEIS facilitates investor wallets, digital order processing for subscriptions and redemptions, and ensures compliance with regulatory frameworks while enabling blockchain-native settlement and record-keeping. This partnership underscores the convergence between established financial institutions and decentralized ledger technology.
One of the main benefits of this tokenized fund is 24/7 accessibility and instant transaction settlement. Unlike traditional money-market funds, which rely on periodic valuations and banking-hours limitations, the on-chain version allows investors to subscribe, redeem, or transfer shares at any time a feature that could significantly enhance liquidity and flexibility for both retail and institutional participants. “Amundi tokenized money market fund 2025”, “Ethereum euro money market token,” and “on-chain real world asset funds Europe” are already trending as this news spreads across financial and crypto communities.
The launch arrives amid growing institutional momentum in tokenized real-world assets (RWA). Other major firms, including global asset managers, have also begun exploring or deploying tokenized funds, particularly in money market and short-duration debt instruments. With Amundi entering the arena, European investors now have broader access to regulated, blockchain-enabled funds potentially lowering barriers for cross-border capital flows and enhancing transparency through on-chain record-keeping.
Industry analysts view this launch not just as a niche experiment, but as a litmus test for the future of finance. If successful, hybrid tokenized funds could usher in a new era where traditional money-market instruments are as accessible, transparent, and programmable as cryptocurrencies. The implications could be far-reaching: improved liquidity networks, streamlined compliance, and greater financial inclusion across geographies.
That said, while the tokenized share class opens new opportunities, it also raises questions about regulatory alignment, investor protections, and systemic risk. Regulators, custodians, and market participants will closely monitor how such hybrid structures perform especially during market stress or high redemption periods. For now, the first transaction on November 4 stands as proof that large, highly regulated European financial institutions are ready to embrace blockchain in a meaningful way.
Amundi’s decision thus marks a milestone: traditional fund management and blockchain-native distribution coming together under a regulated framework. As tokenization continues to expand, the landscape of real-world asset investing may never be the same.
FAQs
1. What exactly did Amundi launch?
Amundi launched the first tokenized share class of its euro money-market fund “Amundi Funds Cash EUR” on the public Ethereum blockchain, alongside its traditional share class.
2. Who provided the blockchain infrastructure for this launch?
The infrastructure was provided by CACEIS, enabling on-chain wallets, tokenized share issuance, and digital processing for subscriptions and redemptions.
3. What are the benefits of the tokenized version?
Benefits include 24/7 availability, instant settlement, global accessibility, greater transparency via blockchain, and easier integration with digital-asset ecosystems.
4. Is the underlying fund different from the traditional version?
No. The underlying portfolio, yield profile, and risk characteristics remain identical only the share class method differs.
5. Does this signal a broader trend in finance?
Yes. Many experts view this as a strong signal that tokenization of real-world assets is advancing from pilot projects to mainstream deployment, particularly among major asset managers.