French asset management giant Amundi partners with CACEIS to launch the first Ethereum-based tokenized money market fund share class

Amundi, Europe's largest asset manager, launched its first tokenized money market fund share class on the Ethereum public blockchain in partnership with CACEIS, designated "AMUNDI FUNDS CASH EUR - J28 EUR DLT (C)" and tied to its AMUNDI FUNDS CASH EUR fund. The hybrid distribution model lets investors subscribe through traditional channels or via tokenized shares, with distributed ledger technology used to record fund units and improve transaction traceability. The move matters as a major traditional asset manager placing a flagship cash vehicle on a public chain, adding to the wave of tokenized money market products. Amundi said the launch is part of a broader asset tokenization push and that it plans to expand such offerings for French and international clients. What to watch next: whether Amundi extends tokenized share classes to other funds and whether rival European managers follow on public Ethereum rails.