In a significant move for blockchain finance, Amundi has introduced a tokenized share of its €5 billion money market fund, named AMUNDI FUNDS CASH EUR, directly on the Ethereum blockchain. This development represents a strategic effort to broaden investor accessibility and marks a notable expansion into blockchain-powered investment solutions.
The launch of this tokenized share is expected to create a hybrid access model that merges traditional fund distribution methods with blockchain-enabled settlement processes. As major asset managers increasingly explore tokenization for real-world assets, Amundi”s initiative signals a larger trend toward integrating blockchain technology within regulated financial markets.
Amundi”s decision to tokenize its fund came after years of exploring blockchain distribution models throughout Europe. The new fund now joins the ranks of earlier tokenized products offered by firms such as BlackRock, Franklin Templeton, and French startup Spiko Finance. Despite the surge of interest, the market for tokenized funds has yet to surpass the $10 billion threshold, while global money market fund assets exceed $7 trillion, indicating substantial growth potential in this sector.
Supporting Amundi”s blockchain initiative is CACEIS, which has developed the necessary infrastructure for this new distribution channel. This includes the provision of distributed ledger technology, wallet solutions, and an on-chain processing platform for fund subscriptions and redemptions. This innovative system allows for continuous transactions using stablecoins and sets the stage for the potential inclusion of central bank digital currencies in the future.
Amundi”s management views the introduction of the tokenized fund as part of a wider strategy in digital assets. With expectations for tokenization to accelerate significantly over the coming years, the firm plans to continue expanding its range of tokenized products for both domestic and international investors.
As the tokenization momentum builds, private credit markets are emerging as another promising area for blockchain distribution due to their specific settlement requirements and liquidity challenges. The launch of a money market fund on Ethereum enhances the variety of tokenized financial products available to qualified investors.
Beyond tokenization, Amundi is also set to diversify its digital asset offerings, with plans to introduce its inaugural Bitcoin ETP in early 2026. This move would allow investors to gain exposure to the broader cryptocurrency market within a regulated framework.
Amundi”s foray into blockchain-based investment vehicles exemplifies a shift among global asset managers, as they increasingly experiment with tokenized securities. Following in the footsteps of leaders like BlackRock and Franklin Templeton, Amundi”s strategic entry reinforces Ethereum”s central role in the ongoing evolution of financial infrastructure.
