Amundi Debuts $100M Tokenized Cash Fund on Ethereum and Stellar
Amundi, Europe’s largest asset manager, has quietly launched a $100 million tokenized cash fund that mints tokens representing cash-equivalent holdings on both Ethereum and Stellar. The structure is pitched to deliver the speed and programmability of onchain assets while retaining the stability, custody and compliance features investors expect from a traditional cash fund.
The move marks a notable step in institutional tokenization, pairing Ethereum’s broad DeFi connectivity with Stellar’s low-cost payments to address different settlement and liquidity needs. For market participants, this could ease cash settlement frictions and expand use cases for regulated onchain cash, though observers will be watching regulatory responses and interoperability as the product rolls out.