Amundi Tokenizes 5B EUR Money Market Fund on Ethereum as Sector Grows

• Amundi’s tokenized fund enables round-the-clock subscriptions and redemptions using stablecoins.

• The initiative leverages Ethereum’s secure infrastructure for conservative, liquid investments.

• Tokenized money market funds have grown to $9 billion in value under management in 2025, per Bank of International Settlements data.

Discover how Amundi’s tokenized money market fund on Ethereum revolutionizes asset management. Explore benefits, growth trends, and future implications for investors seeking liquidity and efficiency. Read more now.

What is Amundi’s Tokenized Money Market Fund on Ethereum?

Amundi’s tokenized money market fund on Ethereum represents a pioneering step in blending traditional finance with blockchain technology. The AMUNDI FUNDS CASH EUR, valued at 5 billion EUR, is now accessible both through standard distribution channels and as a tokenized asset on the Ethereum network. This allows investors to hold digital representations of fund units, facilitating faster settlements and broader accessibility without altering the fund’s conservative nature.

How Does Tokenization Enhance Money Market Funds?

Tokenization converts traditional financial assets into digital tokens on a blockchain, improving efficiency and liquidity. For Amundi’s fund, this means investors can subscribe and redeem shares instantly using stablecoins or future digital currencies, available 24/7. CACEIS, a leading European custodian and digital asset service provider, handles the technical backbone, including token issuance, portfolio management, and transaction processing. According to industry experts, this setup reduces operational frictions in money market funds, which typically prioritize principal preservation and short-term liquidity over high-risk blockchain volatility.

The process ensures compliance with regulatory standards while leveraging Ethereum’s robust security. Jean-Jacques Barbéris, CEO of Amundi Asset Management, emphasized, “Tokenization is a transformation that will accelerate globally in the coming years. This first initiative demonstrates our expertise and we will continue expanding our projects to benefit our clients in France and internationally.” Such developments underscore Amundi’s position as Europe’s largest asset manager, with over 2 trillion EUR in assets under management as of 2025.

Supporting data from the Bank of International Settlements highlights the sector’s rapid expansion. Tokenized money market funds now manage $9 billion in value, up significantly from prior years, serving as collateral for stablecoins and institutional trading. This growth, though a fraction of the $7 trillion global money market fund industry, signals a shift toward on-chain finance, where assets remain isolated from speculative DeFi environments to maintain stability.

Frequently Asked Questions

What Are the Benefits of Amundi’s Tokenized Fund for Investors?

Investors gain enhanced liquidity with 24/7 access to subscriptions and redemptions via stablecoins, reducing settlement times from days to minutes. The fund retains its low-risk profile, offering yields from high-quality short-term debt while providing a secure blockchain alternative. This is ideal for institutional clients seeking efficient collateral in digital markets, backed by CACEIS’s custodial expertise.

Why Did Amundi Choose Ethereum for Tokenizing Its Money Market Fund?

Ethereum was selected for its established security, smart contract capabilities, and widespread adoption in real-world asset tokenization. As the leading blockchain for such initiatives, it supports seamless integration with traditional systems while ensuring regulatory compliance. This choice aligns with Ethereum’s dominance in hosting over 300 tokenized assets, excluding stablecoins, totaling nearly $12 billion in value.

Key Takeaways

• Blockchain Integration Boosts Efficiency: Amundi’s move enables instant fund access, bridging TradFi and crypto without compromising safety.
• Sector Growth Accelerates: Tokenized funds reached $9 billion in 2025, per BIS reports, with potential to capture more of the $7 trillion market.
• Ethereum Leads RWA Space: With $12 billion in tokenized value and 303 assets, Ethereum solidifies its role; explore opportunities for diversified portfolios.

Conclusion

Amundi’s tokenized money market fund on Ethereum marks a significant milestone in real-world asset (RWA) tokenization, enhancing liquidity and accessibility for conservative investments. As the sector grows—evidenced by $36 billion in total tokenized assets and Ethereum’s commanding share—traditional managers like Amundi are paving the way for broader adoption. Investors should monitor these developments for opportunities to integrate blockchain efficiency into their strategies, positioning portfolios for the evolving financial landscape.

Amundi, Europe’s premier asset manager, has launched a tokenized version of its flagship AMUNDI FUNDS CASH EUR money market fund on the Ethereum blockchain. Valued at 5 billion EUR, this conservative investment vehicle—focused on short-term, high-quality debt instruments—now offers dual access: traditional distribution alongside digital tokens. This innovation addresses longstanding demands for faster, more flexible fund operations in a digital era.

Money market funds like this one are designed for stability, providing liquidity and modest yields without exposure to market swings. By tokenizing on Ethereum, Amundi introduces an alternative channel that maintains these core attributes while unlocking blockchain benefits. The technology stack, powered by CACEIS—a key player in European digital asset custody—manages tokenization, investor portfolios, and transaction flows. CACEIS’s role ensures seamless operations, from unit issuance to redemptions, all compliant with EU regulations.

Furthermore, the fund’s availability through stablecoins paves the way for integration with emerging digital currencies. This 24/7 capability eliminates traditional market-hour limitations, appealing to global investors. As Barbéris noted, this initiative is just the beginning, with Amundi planning further expansions to serve clients across borders.

Tokenized Money Market Funds Expand in 2025

The tokenized money market fund space is witnessing robust growth in 2025, with Amundi’s launch contributing to the momentum. The sector’s total value under management has surged to $9 billion, drawing attention from global regulators like the Bank of International Settlements. These funds primarily cater to institutional users, functioning as reliable collateral for stablecoin issuance and over-the-counter trading.

Unlike volatile cryptocurrencies, tokenized funds prioritize isolation from broader DeFi risks. Transactions occur on permissioned platforms, ensuring vetted participants and controlled environments. This controlled approach fosters trust, bridging the gap between legacy finance and blockchain. Experts from the BIS warn of systemic risks if growth accelerates unchecked, yet the potential for efficiency gains remains compelling.

Globally, money market funds dominate with over $7 trillion in assets, per Financial Stability Board data. The tokenized subset, while nascent, could disrupt this landscape by enabling programmable features like automated yield distribution. Amundi’s entry, following similar efforts by U.S. firms, underscores Europe’s commitment to innovation amid regulatory clarity from MiCA frameworks.

Ethereum Remains a Leader in RWA Tokenization

Ethereum continues to dominate real-world asset (RWA) tokenization, thanks to its battle-tested infrastructure and developer ecosystem. Amundi’s choice reinforces this leadership, with the network hosting the majority of tokenized funds. Competitors like Solana and specialized chains such as Ondo Finance’s are gaining traction, but Ethereum’s security and liquidity edge prevail.

According to RWA.xyz analytics, tokenized assets across blockchains exceed $36 billion, predominantly in private credit categories. Ethereum accounts for nearly $12 billion in non-stablecoin value, spanning treasuries, funds, and commodities. The network’s growth in 2025 has been fueled by U.S.-based inflows and institutional pilots, positioning it as the preferred venue for RWAs.

Diversity defines Ethereum’s ecosystem: 303 native tokenized assets, plus 129 on layer-2 solutions like Arbitrum, which enhances scalability. Recent data shows BNB Chain with 112% monthly growth, trailing Ethereum’s steady ascent. Solana follows with 88 assets and 14.5% expansion, highlighting competitive dynamics. Nonetheless, Ethereum’s legacy—rooted in the 2015 launch and ERC-20 standards—ensures its centrality in RWA adoption.

Analysts from Deloitte project that tokenized assets could reach $16 trillion by 2030, driven by funds like Amundi’s. This trajectory demands vigilant oversight to mitigate interoperability and custody risks. For investors, Ethereum-based tokenization offers verifiable transparency, with on-chain audits providing real-time insights into fund performance.

Institutional interest is evident: BlackRock and Franklin Templeton have tokenized similar funds on Ethereum, amassing billions in TVL. Amundi’s European focus complements this, potentially accelerating cross-Atlantic standards. CACEIS’s involvement further validates the model, as the firm serves over 200 clients in digital assets, per its 2025 reports.

Challenges persist, including oracle dependencies for off-chain data and regulatory harmonization. Yet, Ethereum’s upgrades—like the 2024 Dencun enhancement—improve cost-efficiency, making tokenization viable for smaller funds. Amundi’s initiative thus exemplifies how blockchains can modernize asset management without introducing undue complexity.