Global asset management giant Amundi has taken a significant step into the digital finance era by launching its first tokenized money market fund on the Ethereum blockchain. This innovative move merges traditional fund access with modern tokenization, marking a pivotal shift in investment practices.
A New Digital Frontier for Money Market Funds
Amundi’s tokenized fund, AMUNDI FUNDS CASH EUR, was developed in collaboration with CACEIS, a leading European asset management provider. CACEIS is instrumental in supplying the technological infrastructure for the tokenization process, including digital wallets for investors and a blockchain-based order platform that facilitates subscriptions and redemptions.
Jean-Pierre Michalowski, CEO of CACEIS, emphasized that this hybrid transfer agent service opens a new distribution channel, allowing clients to execute transactions more efficiently through blockchain technology. This advancement also paves the way for potential future operations involving stablecoins and central bank digital currencies.
The first transaction of the tokenized fund took place on November 4, 2025, and it is now distributed via a hybrid model. This means investors can opt for conventional methods while leveraging digital options that provide secure, transparent, and traceable transaction records on Ethereum.
Advantages of Blockchain Integration in Money Market Funds
The incorporation of blockchain technology brings various benefits for both investors and fund managers. Orders can be executed instantly, trading is available 24/7, and transactions are recorded with utmost transparency.
The tokenized model also appeals to younger, more tech-savvy investors, reflecting a behavioral shift towards faster and more accessible financial products. Amundi has clarified that this launch does not replace traditional access methods but adds an additional layer for investors.
This hybrid approach ensures that the fund remains inclusive, blending the reliability of conventional distribution with the efficiency and innovation brought forth by blockchain technology. Jean-Jacques Barbéris, head of institutional, corporate, and ESG clients at Amundi, described the tokenization of assets as a global transformation poised to accelerate in the coming years, highlighting Amundi’s expertise in implementing secure and robust blockchain applications in finance.
A Growing Trend in Digital Asset Management
This launch is part of a broader trend toward the expansion of tokenized real assets. Market data indicates that the value of tokenized assets on blockchains surged from $15.2 billion at the beginning of 2025 to $37.1 billion by the end of November.
Ethereum, the platform hosting Amundi’s fund, ranks second globally in the tokenized real asset space, boasting a market capitalization of $12.4 billion. This trend illustrates the growing institutional interest in blockchain-based investment solutions and the ongoing integration of innovations in digital finance.
Particularly notable is the rapid adoption of tokenized money market funds, with major firms like BlackRock and Franklin Templeton now managing billions in digital assets. The total value locked in tokenized funds has surged from approximately $770 million at the end of 2023 to nearly $9 billion in October 2025.
Amundi’s launch positions it as a leader in Europe, demonstrating its commitment to leveraging digital innovation while upholding robust regulatory and operational standards.
