Amundi Launches First On-Chain Tokenized Euro Money Market Fund
Amundi announced the launch of what it calls the first on-chain tokenized euro money market fund, rolling out a hybrid structure that lets investors choose between the conventional fund and a tokenized share recorded on the Ethereum blockchain. By mirroring the same underlying fund in both formats, the manager aims to give clients access to familiar money market exposure while experimenting with blockchain-native settlement and transfer mechanics.
The move is notable for bringing a mainstream European asset manager into live tokenization of euro-denominated cash instruments. Tokenized shares could enable faster settlement, 24/7 transfers and more granular ownership, but adoption will hinge on investor demand and regulatory clarity. The hybrid approach lowers the entry barrier for conservative investors and will be watched as a test case for wider institutional use of on-chain fund products.