Amundi, Europe’s largest asset manager with about $2.3 trillion under management, has taken a major step into blockchain finance by launching tokenized shares of one of its money market funds. The new share class, called Amundi Funds Cash EUR – J28 EUR DLT, is now recorded on the public Ethereum blockchain.
Amundi
The Paris based firm says the move introduces faster settlement, improved transparency, and full traceability of fund transactions. While the fund remains accessible through traditional channels, the tokenized version adds a new way for investors to hold and manage units.
To bring the project to life, Amundi worked with CACEIS, one of Europe’s major asset servicing and transfer agency providers. CACEIS supplies the technology behind the initiative, offering investors digital wallets and a blockchain based order system that supports both subscriptions and redemptions.
Amundi
CACEIS CEO Jean Pierre Michalowski called the launch a major step toward the long term goal of offering round the clock fund subscriptions and redemptions, eventually payable in stablecoins or central bank digital currencies once those tools become available.
According to both firms, blockchain integration could open the door to a broader investor base, enable instant order execution, and allow operations to stay active around the clock. The tokenized model does not replace existing channels. Instead, it runs alongside them to give investors more choice.
Jean Jacques Barberis, who leads Institutional and Corporate Clients and ESG at Amundi, said asset tokenization is set to accelerate worldwide. He noted that Amundi plans to expand its digital asset initiatives both in France and globally.
RWA tokenization continues to surge
The launch comes as real world asset tokenization experiences sharp growth in 2025. The market has climbed from $15.2 billion at the start of the year to $37.1 billion as of November 27. Provenance leads the space with a tokenized RWA market cap of $13.9 billion, driven largely by issuance from Figure Technologies, the U.S. non bank lender that went public on the Nasdaq in September.
Ethereum follows with about $12.4 billion in tokenized RWAs, with smaller but rising activity on ZKsync, BNB Chain, Polygon, and other networks.
