Amundi launches first euro money-market fund tokenized on Ethereum

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Amundi, Europe’s largest asset manager, has issued the first tokenized share class of its euro-denominated money-market fund on Ethereum, marking a major step in bringing traditional finance onto blockchain rails.

The fund - AMUNDI FUNDS CASH EUR, remains backed by short-term, high-quality euro debt such as overnight repos and sovereign instruments. But now investors can choose between the traditional version or the new tokenized share class, named AMUNDI FUNDS CASH EUR – J28 EUR DLT, recorded on Ethereum.

The tokenized structure was built in collaboration with CACEIS, a major European fund-servicing and custody provider, which handles wallets, subscription/redemption infrastructure and on-chain unit tracking. The first on-chain transaction for the fund went live on November 4.

This marks more than just a symbolic blockchain experiment. By offering a “hybrid” model (on-chain + traditional), Amundi makes it easier for both legacy investors and crypto-native participants to access regulated euro-denominated funds, with 24/7 settlement, transparency and blockchain-enabled traceability.

If this succeeds, it could signal a sea-change in how money-market and real-world assets (RWAs) are distributed and show that major institutions are ready to blend traditional finance with web3 infrastructure.