A development that would have sounded experimental only a few years ago has now become reality: Europe’s largest asset manager has placed part of its traditional portfolio directly onto a blockchain.
- Amundi places a €5B money fund on Ethereum with round-the-clock access.
- Tokenized cash products are rising quickly as institutions move collateral on-chain.
- Ethereum strengthens its lead as the preferred network for large-scale asset tokenization.
Amundi has turned its €5 billion CASH EUR money fund into blockchain-compatible units that live on Ethereum, allowing investors to purchase and redeem shares without relying on standard market schedules or bank settlement windows.
This isn’t a crypto-style gamble. Nothing about the fund’s risk profile or strategy changes. What changes is the delivery mechanism — Ethereum becomes the rails, not the investment thesis.
Blockchain as Plumbing, Not Speculation
By turning shares of a conservative cash fund into digital tokens, Amundi effectively treats Ethereum as an upgraded settlement layer rather than a frontier investment arena.
Investors can access the familiar product through banks and financial platforms, or through its new tokenized format.
The project also signals how the financial industry now views tokenization: not as an experiment, but as an efficiency upgrade to the architecture of money management.
CACEIS Powers the Engine Behind the Scenes
The backbone of this rollout belongs to CACEIS, one of Europe’s biggest asset-servicing firms.
It handles every technical component — issuing the tokens, maintaining blockchain portfolios for investors, and automating subscriptions and redemptions. One crucial change: investors will no longer need to wait for market hours, since settlements are processed 24/7.
Payments will initially run through stablecoins, and CACEIS says CBDCs will be added without changing the system once governments launch them.
A Growing Trend That Regulators Are Watching Closely
Amundi is entering a trend that has quietly exploded.
Tokenized money-market funds globally have already crossed $9B, and most of that growth arrived in 2025. Their popularity comes from something simple: institutions want safe collateral on-chain without exposing themselves to volatile DeFi products.
Even so, central banking authorities — including the BIS — have started sounding alarms. The fear isn’t about today’s scale, but about what happens if even a slice of the $7 trillion global money-fund market migrates onto blockchains.
In other words: this category is still tiny, yet big enough to make regulators nervous.
Ethereum Remains the RWA Capital
Although other blockchains are chasing the real-world-asset sector, Ethereum is miles ahead.
More than $36B in tokenized assets have been issued across networks, and almost one-third of that value sits on Ethereum directly, excluding stablecoins.
The landscape now looks like this:
- Ethereum: dominant hub for institutional token launches
- Arbitrum: most active L2 for tokenization
- BNB Chain: fastest month-over-month expansion
- Solana: strong contender for upcoming RWA inflows
Put differently, the competition is real — but the institutions are still voting with their feet, and most footsteps are landing on Ethereum.
The information provided in this article is for educational purposes only and does not constitute financial, investment, or trading advice. Coindoo.com does not endorse or recommend any specific investment strategy or cryptocurrency. Always conduct your own research and consult with a licensed financial advisor before making any investment decisions.
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Source: https://coindoo.com/europe-just-put-a-major-e5-billion-money-market-fund-on-ethereum/
