Amundi launches its first tokenized euro money market fund, with the first transaction recorded on the Ethereum blockchain on November 4
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Amundi launches its first tokenized euro money market fund, with the first transaction recorded on the Ethereum blockchain on November 4
According to Cointelegraph, Amundi, Europe's largest asset management firm, has launched its first euro-denominated money market fund with tokenized share classes. The fund features a hybrid structure, allowing investors to choose between the traditional version and a new blockchain-based version, with the first transaction recorded on the Ethereum network on November 4. The project was developed in partnership with European asset services group CACEIS, which provides the tokenization infrastructure, investor wallets, and digital order book system. Tokenized funds can streamline order processing, broaden investor access, and enable 24/7 trading. The fund primarily holds short-term, high-quality euro-denominated debt, including money market instruments and overnight repurchase agreements with European sovereign entities.
Navigating Web3 tides with focused insightsTechFlow, Nov. 28 — According to Cointelegraph, Amundi, Europe's largest asset management company, has launched its first euro-denominated money market fund with tokenized share classes. The fund features a hybrid structure, allowing investors to choose between the traditional version and a new blockchain-based version. The first transaction was recorded on the Ethereum network on November 4.
The project was developed in collaboration with European asset services group CACEIS, which provides the tokenization infrastructure, investor wallets, and digital order system. Tokenized funds can streamline order processing, broaden investor access, and enable 24/7 trading. The fund primarily holds short-term, high-quality euro-denominated debt, including money market instruments and overnight repurchase agreements with European sovereign nations.
