Key Highlights
- Amundi launches a tokenized share of its €5B money-market fund on Ethereum.
- The move follows plans to introduce Bitcoin ETNs in early 2026.
- UBS and Franklin Templeton are also expanding tokenized-fund platforms, signaling broader TradFi adoption.
Amundi, Europe’s largest asset manager with more than €2 trillion under management, has taken a concrete step into blockchain-based fund distribution.
The firm has launched a tokenized share class of its €5 billion AMUNDI FUNDS CASH EUR money-market fund, now available both through traditional channels and on the public Ethereum blockchain.
Share class tokenization
The first transaction occurred on November 4, marking one of the most significant moves by a major European institution into on-chain fund issuance. The new share class, AMUNDI FUNDS CASH EUR – J28 EUR DLT, uses distributed-ledger technology to record ownership and process subscriptions and redemptions.
Amundi developed the initiative in partnership with CACEIS, Crédit Agricole’s asset-servicing arm, which provides the digital wallets, infrastructure, and tokenization rails powering the system. Amundi says the hybrid setup enables faster execution, 24/7 operability, and broader distribution.
Jean-Jacques Barbéris, Head of Institutional and Corporate Clients and ESG at Amundi, said, “Tokenization is a transformation set to accelerate globally.”
Amundi efforts
The launch comes as Amundi continues preparing its first Bitcoin exchange-traded notes, expected in early 2026. The ETNs would place the firm alongside U.S. ETF heavyweights, offering regulated digital-asset exposure in Europe following years of caution.
Market observers say the move signals Amundi’s intent to compete directly in the rapidly institutionalizing crypto-investment landscape.
Industry’s push for tokenized assets
Amundi’s tokenized fund arrives during a broader wave of fund-tokenization efforts among global financial giants. Franklin Templeton recently expanded its Benji tokenized-fund platform to the Canton Network, enabling banks and trading firms to hold and transact tokenized MMFs in a private, regulated environment.
Meanwhile, UBS completed the first in-production tokenized fund transaction using Chainlink’s Digital Transfer Agent standard, executing a live subscription into its uMINT money-market fund.
What’s next
These developments show a shift among major asset managers: tokenization is moving from pilots and proofs-of-concept into live production, especially across money-market and short-duration products.
With over $7 trillion in global money-market funds and rising institutional interest, the race to bring these assets on-chain is accelerating—and Amundi now joins the front line.
Also read: BIS: Tokenized Money Funds Gain Traction as Collateral
