Amundi, Europe’s biggest asset manager, tokenises money market fund on Ethereum

• Amundi launches first tokenised money market fund on Ethereum.
• The tokenised MMF operates via a hybrid model with blockchain and traditional access.
• Blockchain enables 24/7 trading, instant execution, and transparent records.

European asset management giant Amundi has taken a major step into the digital finance era by launching the first tokenised share of its AMUNDI FUNDS CASH EUR money market fund on the Ethereum blockchain.

The tokenised fund marks a significant innovation in fund distribution and allows investors to hold fund units digitally while maintaining the traditional channels for accessing the fund.

A new digital frontier for money market funds

According to Amundi, the tokenised fund is built in collaboration with CACEIS, one of Europe’s leading asset-servicing providers.

CACEIS supplies the technology infrastructure required for tokenisation, including digital wallets for investors and a blockchain-based order platform that supports subscriptions and redemptions.

Jean-Pierre Michalowski, CEO of CACEIS, highlighted that the hybrid transfer agent service opens a new distribution channel, allowing clients to quickly and efficiently execute fund transactions via blockchain while paving the way for potential future operations in stablecoins or central bank digital currencies.

The first transaction of the tokenised share took place on November 4, 2025, and the fund is now distributed through a hybrid model.

This means that investors can continue to use conventional methods, but the new digital option enables fund units to be recorded as tokens on Ethereum, providing secure, transparent, and traceable transaction records.

Benefits of blockchain integration in MMFs

Blockchain technology provides multiple advantages for both investors and fund managers.

Orders can be executed instantly, operations can continue around the clock, and transactions are recorded with full transparency.

The tokenised model also opens the fund to younger and more digitally oriented investors, reflecting a shift in investor behaviour toward faster, more accessible financial products.

Amundi emphasised that the launch does not replace traditional fund access but instead provides an additional route for investors.

The hybrid approach ensures that the fund remains inclusive, combining the reliability of conventional distribution with the efficiency and innovation offered by blockchain technology.

Jean-Jacques Barbéris, Head of Institutional and Corporate Clients and ESG at Amundi, described asset tokenisation as a global transformation set to accelerate in the coming years, with this initiative serving as a practical demonstration of the firm’s expertise in implementing secure and robust blockchain applications in finance.

A growing trend in digital asset management

The launch comes amid a broader expansion of tokenised real-world assets.

Market data shows that the value of tokenised assets on blockchains rose sharply in 2025, from $15.2 billion at the beginning of the year to $37.1 billion by late November.

Ethereum, where Amundi’s fund is hosted, ranks second globally in the tokenised real-world asset space with a market cap of $12.4 billion.

The trend reflects increasing institutional interest in blockchain-based investment solutions and the mainstreaming of digital finance innovations.

Tokenised money market funds, in particular, have seen rapid adoption in recent years.

Industry data indicates that products from leading firms like BlackRock and Franklin Templeton now manage billions in digital assets, while total value locked in tokenised funds surged from around $770 million at the end of 2023 to nearly $9 billion by October 2025.

Amundi’s launch positions it as a front-runner in Europe, showcasing its commitment to leveraging digital innovation while maintaining robust regulatory and operational standards.

The post Amundi, Europe’s biggest asset manager, tokenises money market fund on Ethereum appeared first on CoinJournal.