Amundi is launching an Ethereum-based, tokenized share class of its Euro Money Market Fund, using the CACEIS wallet infrastructure to enable on-chain orders, with settlement in stablecoins or future CBDCs, while keeping traditional channels open.
Summary
- Amundi’s new share class, Amundi Funds Cash EUR – J28 EUR DLT, records ownership and transactions on Ethereum for transparency and traceability.
- CACEIS provides the digital wallet and blockchain ordering platform, which supports continuous order processing and near-instant execution
- Subscriptions and redemptions are designed to be settled in stablecoins or future CBDCs, adding an option alongside existing distribution routes.
Amundi, Europe’s largest asset manager, has launched its first tokenized share class on the Ethereum network, the company announced, expanding the company’s digital asset strategy.
The product, according to Amundi, provides access to one of the company’s money market funds through a share class registered on a public blockchain. The new class, called Amundi Funds Cash EUR – J28 EUR DLT, operates on the Ethereum (ETH) network.
The blockchain-based structure enables transparent record keeping and full traceability of transactions, the company said declared. The launch is part of a broader initiative to modernize fund infrastructure through distributed ledger technology and expand the company’s investor base, Amundi said.
Amundi developed the project in collaboration with CACEIS, an asset management company that provides the digital wallet system and blockchain-based order platform. The infrastructure enables continuous order processing and creates a framework for subscriptions and redemptions that can be settled in stablecoins or potential future central bank digital currencies, the companies said.
According to Amundi and CACEIS, the integration enables immediate order fulfillment and continuous business operations. The fund will continue to be accessible through traditional distribution channels, with the tokenized share class serving as an additional option for investors rather than as a replacement for existing access methods, the companies said.
