- Amundi launches the first tokenized money market fund share on Ethereum.
- The tokenized MMF operates on a hybrid model combining blockchain and traditional approaches.
- Blockchain enables 24/7 trading, instant execution, and transparent records.
European asset management giant Amundi has taken a significant step into digital finance by issuing the first tokenized share of its AMUNDI FUNDS CASH EUR money market fund on the Ethereum blockchain.
The tokenized share represents an important innovation in fund distribution, allowing investors to hold fund units digitally while preserving access through traditional channels.
New digital frontier for money market funds
According to Amundi, the tokenized share was developed in collaboration with CACEIS, one of Europe’s leading asset servicing providers.
CACEIS supplies the necessary technological infrastructure for tokenization, including digital wallets for investors and a blockchain-based order platform that supports subscriptions and redemptions.
Jean-Pierre Michalowski, CEO of CACEIS, emphasized that the hybrid transfer agent service opens a new distribution channel that lets clients transact with funds quickly and efficiently via blockchain, while also paving the way for potential future operations involving stablecoins or central bank digital currencies.
The first tokenized share transaction took place on November 4, 2025, and the fund is now distributed through a hybrid model.
This means investors can continue to use conventional methods, while the new digital option records fund units as tokens on Ethereum, providing secure, transparent, and auditable transaction records.
Benefits of integrating blockchain into MMFs
Blockchain technology delivers several advantages for both investors and fund managers.
Orders can be executed instantly, operations can run continuously, and transactions are recorded with full transparency.
The tokenized model also attracts younger, digitally oriented investors and reflects a broader shift toward faster, more accessible financial products.
Amundi stressed that the launch does not replace traditional access to the fund but adds an additional channel for investors.
The hybrid approach ensures the fund remains inclusive, combining the reliability of conventional distribution with the efficiency and innovation of blockchain technology.
Jean-Jacques Barbéris, Head of Institutional and Corporate Clients and ESG at Amundi, described asset tokenization as a global transformation set to accelerate in the coming years, with this initiative serving as a practical demonstration of the firm’s capability to implement secure, robust blockchain applications in finance.
Growing trend in digital asset management
The launch comes amid broader expansion in tokenized real-world assets.
Market data shows the value of tokenized assets on blockchains rose sharply in 2025, from $15.2 billion at the start of the year to $37.1 billion by the end of November.
Ethereum, which hosts Amundi’s tokenized fund, ranks among the leading platforms for tokenized real-world assets with a market capitalization of $12.4 billion.
This trend reflects increasing institutional interest in blockchain-based investment solutions and the integration of digital finance innovations into mainstream offerings.
Tokenized money market funds, in particular, have seen rapid adoption in recent years.
Industry figures indicate that leading firms such as BlackRock and Franklin Templeton now manage billions in digital assets, while the total value locked in tokenized funds climbed from roughly $770 million at the end of 2023 to nearly $9 billion by October 2025.
Amundi’s launch places it among European leaders, demonstrating a commitment to harnessing digital innovations while maintaining rigorous regulatory and operational standards.