Amundi, the largest asset manager in Europe, has introduced its first tokenized share class on the Ethereum network, marking a significant step in the firm’s digital asset strategy. The new offering provides investors with access to a euro money market fund where ownership is recorded on a public blockchain.

Bridging Traditional Finance and Public Blockchains

The new product, named Amundi Funds Cash EUR – J28 EUR DLT, represents a share class of one of the firm’s existing funds. By operating on Ethereum, it offers enhanced transparency and complete traceability for all transactions. This initiative is part of Amundi’s broader effort to modernize its fund infrastructure through distributed ledger technology (DLT) and attract a wider investor base.

Technical Infrastructure and Settlement

The project was developed in partnership with asset servicing firm CACEIS, which supplies the digital wallet system and the blockchain-based order platform. This infrastructure is built for continuous order processing and allows for near-instant execution of trades. Subscriptions and redemptions are designed to be settled using stablecoins or potential future central bank digital currencies.

While this tokenized share class introduces a new, modern way to access the fund, it doesn’t replace existing methods. Amundi has confirmed that the fund will remain available through traditional distribution channels, positioning the blockchain-based option as an additional choice for investors.