Amundi Launches Tokenized Euro Money Market Fund on Ethereum

BlockBeats News, November 28th, according to Cointelegraph, Europe's largest asset management company Amundi has launched its first tokenized share class for a Euro-denominated money market fund.

The fund is now offered in a hybrid structure, allowing investors to choose between the traditional version and a blockchain-based new version. The first transaction was recorded on the Ethereum network on November 4th.

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.