TechFlow, 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.
