The funding fund supervisor Amundi, the most important within the European Union, introduced the tokenization of a part of its cash market fund (cash market fund), referred to as AMUNDI FUNDS CASH EUR, valued at 5,000 million euros.
What the supervisor has finished is problem a brand new class of shares of the present fund, whose possession and operations are totally tokenized within the Ethereum community.
France-based Amundi justified the usage of Ethereum by noting that it permits for “clear document holding of fund models and transaction traceability.”
The primary transaction on this modality was executed on November 4. The fund is now distributed in a hybrid method, providing conventional entry and thru tokenized staking. The official assertion doesn’t element the share of the funding fund that has been tokenized.
This growth is the results of a collaboration with CACEIS, an asset administration companies supplier that’s accountable for the technological infrastructure, together with the tokenization of fund models, digital wallets for buyers and a digital order platform.
For his half, Amundi’s director of institutional and company shoppers, Jean-Jacques Barbéris, indicated that “asset tokenization is a change that may speed up within the coming years globally,” highlighting that this primary foray right into a cash market fund demonstrates the agency’s expertise and methodology.
The raid of Amundi joins the worldwide pattern noticed within the conventional monetary business. For instance, BlackRock, the world’s largest asset supervisor, can be lively on this area with its BUIDL tokenized fund, launched in 2024. This fund operates on networks corresponding to Ethereum, Solana and Polygon, as reported by CriptoNoticias.
Amundi can be making ready to enter the bitcoin (BTC) exchange-traded funds (ETF) phase. The French agency plans to launch these monetary devices initially of 2026.
