Amundi Launches First Tokenized Euro Money Market Fund
- Amundi, Europe’s largest asset manager, has introduced a tokenized share class for a euro money market fund.
- The first transaction was recorded on the Ethereum network on November 4.
- The fund is offered in a hybrid structure, allowing investors to choose between traditional and blockchain-based versions.
- Amundi manages approximately €2.3 trillion ($2.6 trillion) in assets and serves over 100 million retail clients.
- Tokenization aims to streamline order processing and enable continuous trading access for investors.
This initiative reflects the growing trend of integrating blockchain technology into traditional finance, enhancing accessibility and efficiency in investment processes.
With this launch, Amundi is positioned at the forefront of the evolving financial landscape, contributing to the increasing value of tokenized funds now reaching $9 billion by October’s end.
