Amundi, Europe’s leading asset manager with $2.3 trillion under management, is taking its digital strategy to the next level. The group is launching a tokenized share of one of its money market funds on Ethereum, a significant step for a player of this size in the world of asset tokenization.
A tokenized Amundi money market fund now available on-chain
The new share, named Amundi Funds Cash EUR – J28 EUR DLT, is directly registered on the Ethereum blockchain. The goal is to modernize fund infrastructure, streamline recordkeeping, and provide complete transparency on units held as well as subscription and redemption flows.
Amundi is not replacing its traditional circuit. This tokenized share class is added to existing channels to reach a wider audience and prepare for a more flexible, 24/7 distribution, in line with emerging on-chain finance standards.
CACEIS in the back-end, with wallets and blockchain order platform key
The operation was built with CACEIS, a European leader in asset servicing and transfer agent. The group provides the entire technological stack: digital wallets for investors, blockchain order platform, instant transaction execution, and infrastructures allowing continuous service, even outside market hours.
For CACEIS, this launch paves the way for subscriptions and redemptions payable in stablecoins or, later, in central bank digital currency. A horizon already embraced by its CEO, Jean-Pierre Michalowski, who sees this integration as a decisive step towards real-time distribution of financial products.
A strategic advance for Amundi in tokenization
This first initiative on a money market fund demonstrates our expertise and the robustness of our methodology in covering concrete use cases. Amundi will continue and expand its tokenization initiatives for the benefit of its clients in France and internationally.
According to Amundi, Jean-Jacques Barberis believes that asset tokenization will accelerate in the years to come, both in Europe and internationally. For the company, the challenge is twofold: modernize a still fragmented operational chain and attract a new generation of investors accustomed to blockchain rails.
This initiative marks a transformative step in the group’s roadmap, preparing for other tokenization projects for its institutional and corporate clients.
An exploding RWA market in 2025
This launch comes in a rapidly expanding tokenized RWA market. The market cap of the segment has grown from $15.2 billion at the beginning of the year to $37.1 billion as of November 27. Provenance blockchain leads with $13.9 billion, driven by Figure Technologies, while Ethereum follows with $12.4 billion in tokenized assets. Behind, ZKsync, BNB Chain, or Polygon share the crumbs of a still nascent adoption.
With Amundi’s entry on Ethereum, a systemic player further validates the trajectory of tokenized finance. Another step for RWAs in their journey towards mainstream adoption.
