Amundi asset manager boosts blockchain adoption in Europe with its latest move, announcing the launch of its first tokenized share of the AMUNDI FUNDS CASH EUR money market fund.
Amundi is the European leader in asset management, supporting over 100 million savers, investors, wealth managers, and institutions worldwide. The French asset management company has over 2,26 trillion EUR in AUM in 2025.
Boosting Blockchain Adoption in Europe
In its official press release dated November 27, Amundi revealed that the first transaction took place on November 4th, and the money market fund is now distributed in a hybrid manner, and remains accessible:
- Via the traditional way
- Via the tokenized share AMUNDI FUNDS CASH EUR – J28 EUR DLT (C)
The fund reportedly uses DLT and the Ethereum blockchain to ensure:
- Transparency in the record-keeping of fund units
- Traceability of transactions
- Instant order execution for both investors and fund unit distributors
- Expanded distribution to new generations of investors
- 24/7 operability
Amundi Teamed Up with CACEIS
The launch is part of a new partnership with CACEIS – an asset servicing bank that provides execution, clearing, custody, depositary, and fund administration services.
CACEIS is an important player in asset servicing in Europe and one of the region’s leaders in transfer agent activities, offering the technology and infrastructure for tokenizing funds, digital portfolios for investors, and the digital order platform for subscriptions and redemptions.
Jean-Pierre Michalowski, the CEO of CACEIS, said that the new hybrid Transfer Agent service will allow clients to quickly and easily benefit from a new distribution channel via blockchain tech, an important advancement to offer non-stop subscription and redemption services for investment fund units payable in stablecoins (EMT) or CBDC when available, according to the official press release.
Asset Tokenization Expands Globally
Jean-Jacques Barbéris, the Head of Institutional and Corporate Clients and ESG at Amundi, highlighted that the first initiative on a money market fund demonstrates the company’s expertise and the robustness of its methodology in covering concrete use cases, promising that Amundi will continue and expand its tokenization initiatives to benefit French and global clients.
He also pointed out that asset tokenization is expanding globally at a rapid pace.
BlackRock, another key asset manager, launched BUIDL, its first tokenized fund on Ethereum in March 2024, and expanded it to Solana in March 2025.
That month also marked the first time that the RWA sector surpassed $10 billion in TVL, amidst a tokenization revolution in the UAE.
In November, the RWA TVL on all chains reached a new ATH above $17 billion, DeFi Llama data shows.
