Amundi Embraces Blockchain: Europe's Largest Asset Manager Launches Tokenized Shares on Ethereum

Amundi, Europe's largest asset manager, has significantly expanded its digital asset strategy by launching its first tokenized share class on the Ethereum blockchain. This move allows investors to access a portion of its euro money market fund through a new, transparent, and traceable digital channel, marking a key milestone in modernizing fund infrastructure.

Key Takeaways

• Amundi has introduced its first tokenized share class on the Ethereum network.

• The initiative provides access to Amundi's euro money market fund with enhanced transaction traceability.

• A partnership with CACEIS facilitates blockchain integration for efficient order processing and settlement.

• Tokenized shares can be settled using stablecoins or future central bank digital currencies.

• Traditional distribution channels remain available, offering investors flexibility.

Tokenized Share Class on Ethereum

Amundi's new offering, the Amundi Funds Cash EUR – J28 EUR DLT, is now recorded on the Ethereum blockchain. This public ledger ensures complete transparency and traceability for all transactions related to the fund's units. The firm views this as a crucial step in its broader digital asset roadmap, aiming to leverage distributed ledger technology for improved operational efficiency and wider investor reach.

Partnership with CACEIS for Blockchain Integration

To bring this innovation to life, Amundi collaborated closely with CACEIS, a prominent European asset-servicing provider. CACEIS developed the necessary digital wallet system and a blockchain-based order platform. This infrastructure supports continuous order processing, enabling seamless subscriptions and redemptions. The settlement process is designed to be flexible, accommodating stablecoins and potentially future central bank digital currencies (CBDCs).

A Hybrid Approach to Investment

Amundi emphasizes that the introduction of tokenized shares is an expansion, not a replacement, of its existing services. Investors can still access the euro money market fund through traditional distribution channels. This hybrid model provides investors with greater choice and flexibility in how they engage with Amundi's offerings, catering to a diverse range of investor preferences and technological adoption levels.

Sources

• Amundi Expands Digital Asset Strategy with Ethereum Tokenized Shares, Parameter.

• Europe's largest asset manager Amundi tokenizes money market fund on Ethereum, The Block.

• European Asset Manager Amundi Debuts Tokenized Share Class on Ethereum, CoinDesk.