Amundi, Europe’s largest asset manager by assets under management, has officially entered the tokenization landscape with the launch of its first on-chain share class for the Amundi Funds Cash EUR money market fund. The initiative leverages the public Ethereum network, using distributed ledger technology to transparently track fund units and record transactions.
Partnership with CACEIS Powers Institutional Tokenization
The launch is the result of a partnership with CACEIS, one of Europe’s leading asset-servicing providers. CACEIS is supplying the underlying infrastructure, including tokenization tools, investor digital wallets, and a blockchain-based order system supporting real-time subscriptions and redemptions. Amundi highlighted several benefits for investors and distributors: instant order execution, operational availability around the clock, and broader access to new types of investors seeking digital-native financial products.
Jean-Jacques Barbéris, Amundi’s Head of Institutional and Corporate Clients, said: “This first initiative on a money market fund demonstrates our expertise and the robustness of our methodology in covering concrete use cases. Amundi will continue and expand its tokenization initiatives to benefit its clients.”
Tokenized Asset Market Surpasses $36 Billion
The rollout arrives as tokenized money market funds continue expanding, now totaling roughly $9 billion in assets, a small but rapidly growing segment. These funds are typically used as secure, liquid collateral for stablecoin issuance rather than free-floating assets in decentralized finance. Still, their emergence hints at a deeper bridge forming between traditional finance and on-chain markets.
Zooming out, the tokenized asset sector has surpassed $36 billion, led largely by private credit. Ethereum remains the top chain for real-world assets, securing nearly $12 billion of tokenized value (excluding stablecoins). Much of this growth accelerated in 2025, driven by inflows from U.S. money market funds migrating to blockchain rails.
Amundi’s move signals growing institutional comfort with public blockchain infrastructure, particularly for regulated financial instruments. As tokenized money market funds continue to gain traction, the line between traditional finance and decentralized finance will only blur further, paving the way for a new era of on-chain asset management.