This investment fund, now tokenized, manages more than 5 billion euros.
BlackRock and other giants are also choosing Ethereum for tokenization.
The investment fund manager Amundi, the largest in the European Union, announced the tokenization of part of its money market fund (money market fund), called AMUNDI FUNDS CASH EUR, valued at 5,000 million euros.
What the manager has done is issue a new class of shares of the existing fund, whose ownership and operations are fully tokenized in the Ethereum network.
Amundi, based in France, justified the use of Ethereum, noting that it allows for “transparent record keeping of fund units and transaction traceability.”
The first transaction in this modality was executed on November 4. The fund is now distributed in a hybrid manner, offering traditional access and through tokenized staking. The official statement does not detail the percentage of the investment fund that has been tokenized.
This development is the result of a collaboration with CACEIS, an asset management services provider that is responsible for the technological infrastructure, including the tokenization of fund units, digital wallets for investors and a digital order platform.
For his part, Amundi’s director of institutional and corporate clients, Jean-Jacques Barbéris, indicated that “the tokenization of assets is a transformation that will accelerate in the coming years globally,” highlighting that this first foray into a money market fund demonstrates the firm’s experience and methodology.
The raid of Amundi joins the global trend observed in the traditional financial industry. For example, BlackRock, the world’s largest asset manager, is also active in this space with its BUIDL tokenized fund, launched in 2024. This fund operates on networks such as Ethereum, Solana and Polygon, as reported by CriptoNoticias.
Amundi is also preparing to enter the bitcoin (BTC) exchange-traded funds (ETF) segment. The French firm plans to launch these financial instruments at the beginning of 2026.