The asset manager’s hybrid rollout enables investors to choose between the traditional fund and a new blockchain-based version recorded on Ethereum.
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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 Nov. 4.
The rollout was in collaboration with CACEIS, a European asset-servicing group that provided the tokenization infrastructure, investor wallets, and the digital order system used to process subscriptions and redemptions.
According to the companies, tokenizing the fund streamlines order processing, widens access to new investor channels, and enables 24/7 trading.
Amundi the fund holds short-term, high-quality euro-denominated debt, primarily comprising money-market instruments and overnight repurchase agreements with European sovereigns.
According to the company’s website, it manages about 2.3 trillion euros ($2.6 trillion) in assets and serves more than 100 million retail clients. Amundi is based in Paris, France.
Related:
Tokenized money market funds investing in US Treasurys have expanded rapidly in 2025. RWA.xyz shows BlackRock’s onchain money market product currently holds $2.3 billion in tokenized assets, while Franklin Templeton’s money market fund has more than $826 million in assets.
Both funds have been expanding across multiple blockchains. On Nov. 12, Franklin Templeton announced that its , enabling its money market fund to operate within a permissioned ecosystem built for financial institutions.
BlackRock has also expanded its , adding support for Aptos, Arbitrum, Avalanche, Optimism and Polygon.
A Bank for International Settlements bulletin released on Wednesday noted that had climbed to $9 billion in value by the end of October, up from about $770 million at the end of 2023.
However, the report warned that the growing adoption of tokenized Treasury portfolios as collateral could expose the financial system to new operational and liquidity vulnerabilities.
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