Amundi Debuts First Tokenized Money Market Fund on Ethereum

Europe’s biggest asset manager, Amundi, has started offering the first digital shares of one of its money market funds. This move is seen as a big step into digital finance for the company. 

It shows Amundi wants to modernize how its funds work and make it easier for investors to access them using blockchain technology.

The Tokenized Fund on Ethereum to Modernize Investing

The new share, called Amundi Funds Cash EUR – J28 EUR DLT, is listed on the public Ethereum blockchain and uses distributed ledger technology (DLT). This makes it easy to keep clear records of the fund units and track all transactions.

This is to give investors confidence in the accuracy and security of their holdings. Amundi described the launch as a crucial step in its wider digital assets roadmap. This shows how tokenization can modernize traditional fund operations while keeping them easy for all investors to access. 

As announced, the tokenization project was done together with CACEIS, a top European company that handles fund services and transfers. CACEIS provides the technology for the tokenized fund, including digital wallets for investors. 

It also features a blockchain-based platform for processing orders, supporting both subscriptions and redemptions. Jean-Pierre Michalowski, CEO of CACEIS, called the launch a key step forward. 

This brings the company closer to letting investors buy and sell fund shares anytime, 24/7, using stablecoins or future digital currencies from central banks.

Amundi and CACEIS Introduce Faster, Digital Fund Access

Amundi and CACEIS explained how using blockchain can change the way funds work. Orders can be completed instantly, so there are no delays like in traditional processes. The technology also allows the fund to run all the time, so investors can access and manage their money anytime.

Tokenization also brings in more investors, especially those who prefer digital ways to invest. The new tokenized shares do not replace the usual ways to invest but offer an extra option for investors to access the fund.

Amundi plans to continue expanding tokenization for clients in France and internationally. Jean-Jacques Barberis, a top executive at Amundi, said this expansion move is part of a global trend.

Amundi to Expand Tokenization as Global RWA Market Grows

Many institutional investors and organizations globally are introducing several tokenized real-world assets (RWAs), as assets’ integration continues to grow. The RWA market has increased from a market cap of $15.2 billion at the start of 2025 to $37.1 billion as of November 27.

Currently, the Provenance blockchain leads the tokenized RWA market with $13.9 billion, supported by significant issuances from Figure Technologies. Ethereum follows with $12.4 billion, while smaller volumes exist on ZKsync, BNB Chain, Polygon, and other platforms.