Europe’s largest asset manager, Amundi, has launched the first tokenised share class of its €5 billion euro money market fund on the Ethereum blockchain, blending traditional investments with blockchain technology and paving the way for wider digital asset adoption in Europe.
Europe’s largest asset manager, Amundi, has marked a milestone in financial innovation by launching the first tokenized share class of its €5 billion euro money market fund on the Ethereum blockchain. This momentous development, recorded on November 4, 2025, builds a bridge between traditional asset management and the rapidly evolving world of digital finance.
Unlike conventional fund structures, Amundi’s tokenized fund, named “AMUNDI FUNDS CASH EUR J28 EUR DLT (C)”, offers investors a hybrid choice: to hold traditional fund shares or their blockchain-based token equivalents. Both avenues provide access to the same underlying investments, primarily short-term European government bonds and high-quality euro-denominated securities. This dual approach facilitates adoption by catering to both traditional investors and those keen to explore blockchain advantages.
The launch was executed through a strategic partnership with CACEIS, a prominent European asset servicing group owned by Crédit Agricole. CACEIS supplied the crucial blockchain infrastructure, including digital wallets, blockchain-based order processing systems, and a digital platform enabling 24/7 subscription and redemption services. Jean-Pierre Michalowski, CEO of CACEIS, underscored the broader vision, highlighting the prospect of enabling instantaneous fund transactions payable in stablecoins or central bank digital currencies once regulatory frameworks permit. This marks a departure from legacy banking hours, allowing near-instant settlement at any time.
At the core of this innovation is Ethereum’s public blockchain, which ensures transparent, immutable records of ownership and transactions. The system is fortified with institutional-grade security measures, such as multi-signature wallets, reinforcing investor protection within an environment compliant with European financial regulations. Jean-Jacques Barbéris, Head of Institutional and Corporate Clients at Amundi, emphasised this development as a tangible step in the global acceleration of asset tokenization, articulating confidence in its applicability to concrete use cases.
The tokenized fund aligns with a broader market trend where tokenized real-world assets have surged from $770 million at the close of 2023 to over $36 billion by late 2025. Ethereum dominates this expanding market, accounting for approximately 64% of tokenized assets, with this figure climbing past 72% when incorporating layer-2 solutions. American financial giants like BlackRock and Franklin Templeton have already introduced tokenized money market funds worth billions, but Amundi’s initiative represents a pioneering European move within this sector.
Tokenization offers several substantial benefits over traditional fund management. Besides permitting 24/7 trading and immediate transaction settlement, it enhances operational transparency through blockchain’s visible ledger. Automation via smart contracts can streamline dividend distribution, compliance verification, and reduce intermediaries, potentially lowering costs for investors. These programmable features also make financial products more accessible globally, attracting investors traditionally constrained by banking system limitations.
Importantly, Amundi’s tokenized fund remains fully compliant with existing European financial laws. The initiative does not seek to replace established regulatory safeguards but to supplement traditional channels with an innovative, technology-enabled distribution method. Clients retain the protection and oversight they expect while gaining choice and flexibility.
Industry commentators see Amundi’s launch as a significant milestone in the digital transformation of asset management in Europe. The hybrid format allows a gradual shift towards blockchain adoption rather than a disruptive overhaul, which may encourage other European institutions to follow suit. Market analysts, such as those from Standard Chartered, project the tokenized asset sector potentially expanding to $30 trillion by 2034, hinting at immense growth opportunities.
The success of Amundi’s tokenized money market fund could pave the way for further tokenization across its product range, including equity, bond, and alternative investment funds. This step beyond a mere technological experiment could herald the mainstream acceptance of blockchain within traditional finance, marking a new era where digital assets and conventional investments coexist and complement each other seamlessly. The financial world is watching closely as Europe’s largest asset manager sets a precedent likely to influence the continent’s fintech landscape for years to come.
- https://bravenewcoin.com/insights/europes-largest-asset-manager-makes-history-with-first-tokenized-fund-on-ethereum – Please view link – unable to able to access data
- https://int.media.amundi.com/news/amundi-launches-the-first-tokenized-share-of-one-of-its-money-market-funds-in-collaboration-with-caceis-434ab-b6afb.html – Amundi, Europe’s leading asset manager, has launched its first tokenized share of the AMUNDI FUNDS CASH EUR money market fund. The inaugural transaction occurred on November 4, 2025, marking the fund’s availability through both traditional and tokenized channels. This initiative was developed in partnership with CACEIS, a major European asset-servicing group, which provided the tokenization infrastructure, digital wallets for investors, and a digital order platform for subscriptions and redemptions. The use of blockchain technology aims to streamline order processing, expand distribution to new generations of investors, and enable 24/7 operability.
- https://www.coindesk.com/markets/2025/11/28/european-asset-manager-amundi-debuts-tokenized-share-class-on-ethereum – Amundi, one of Europe’s largest asset managers, has issued a tokenized share class of its euro cash fund on Ethereum through a partnership with CACEIS. The move adds to Europe’s lead in regulated tokenized funds as managers adopt blockchain rails for their products. The hybrid setup aims to expedite settlement, expand distribution, and facilitate round-the-clock fund transactions. The tokenized share class provides investors with blockchain-based access to Amundi’s euro cash fund, enabling faster, round-the-clock trading.
- https://cointelegraph.com/news/amundi-tokenized-euro-money-market-fund-ethereum – Amundi, Europe’s largest asset manager, has introduced its first tokenized share class for a euro money market fund. The fund is now offered in a hybrid structure, allowing investors to choose between the traditional version and the new blockchain-based one. The first transaction was recorded on the Ethereum network on November 4. This product launch was carried out in collaboration with the European asset servicing group CACEIS, which provided the tokenization infrastructure, investor wallets, and a digital order management system for handling subscriptions and redemptions. According to both companies, tokenizing the fund can streamline the order processing process, expand new investor channels, and enable 24/7 trading.
- https://coin360.com/news/amundi-tokenizes-5b-euro-money-market-fund-on-ethereum – Amundi has tokenized a share class of its euro money-market fund — “AMUNDI FUNDS CASH EUR – J28 EUR DLT (C)” — creating an on-chain version of a €5 billion fund. The first blockchain transaction executed on November 4, 2025, enabling subscriptions and redemptions via a hybrid model combining traditional and Ethereum-based delivery rails. Through a partnership with CACEIS, investors gain 24/7 access, transparent ownership records on public Ethereum, and potential future integration with stablecoins or central-bank digital currencies.
- https://www.coindesk.com/fil/markets/2025/11/28/european-asset-manager-amundi-debuts-tokenized-share-class-on-ethereum/ – Amundi, one of Europe’s largest asset managers, has issued a tokenized share class of its euro cash fund on Ethereum through a partnership with CACEIS. The move adds to Europe’s lead in regulated tokenized funds as managers adopt blockchain rails for their products. The hybrid setup aims to expedite settlement, expand distribution, and facilitate round-the-clock fund transactions. The tokenized share class provides investors with blockchain-based access to Amundi’s euro cash fund, enabling faster, round-the-clock trading.
- https://www.banklesstimes.com/articles/2025/11/28/e2t-amundi-launches-tokenized-market-fund-on-ethereum/ – Amundi has tokenized a share class of its euro money-market fund — “AMUNDI FUNDS CASH EUR – J28 EUR DLT (C)” — creating an on-chain version of a €5 billion fund. The first blockchain transaction executed on November 4, 2025, enabling subscriptions and redemptions via a hybrid model combining traditional and Ethereum-based delivery rails. Through a partnership with CACEIS, investors gain 24/7 access, transparent ownership records on public Ethereum, and potential future integration with stablecoins or central-bank digital currencies.
Noah Fact Check Pro
The draft above was created using the information available at the time the story first
emerged. We’ve since applied our fact-checking process to the final narrative, based on the criteria listed
below. The results are intended to help you assess the credibility of the piece and highlight any areas that may
warrant further investigation.
Freshness check
Score:
10
Notes:
✅ The narrative is fresh, with the earliest known publication date being November 27, 2025. The first transaction was recorded on November 4, 2025, indicating timely reporting. The report is based on a press release from Amundi, which typically warrants a high freshness score. No discrepancies in figures, dates, or quotes were found.
Quotes check
Score:
10
Notes:
✅ No direct quotes were identified in the provided text. The information aligns with statements from Amundi’s press release, ensuring consistency and originality.
Source reliability
Score:
10
Notes:
✅ The narrative originates from Amundi’s official press release, a reputable source. The report is also covered by established outlets like Cointelegraph and CoinDesk, further confirming its reliability.
Plausability check
Score:
10
Notes:
✅ The claims are plausible and supported by multiple reputable sources. The partnership with CACEIS and the use of Ethereum’s public blockchain for tokenization are consistent with industry practices. The narrative maintains a formal tone appropriate for corporate communications.
Overall assessment
Verdict (FAIL, OPEN, PASS): PASS
Confidence (LOW, MEDIUM, HIGH): HIGH
Summary:
✅ The narrative is fresh, originating from Amundi’s official press release and corroborated by reputable sources. No discrepancies or signs of disinformation were found. The claims are plausible and consistent with industry practices, and the tone is appropriate for corporate communications.