Based on CoinEdition, Amundi, Europe’s largest asset manager, has launched the first tokenized share class of a Euro-denominated money market fund on the public Ethereum blockchain. The hybrid model allows investors to switch between traditional custody and on-chain self-custody, offering 24/7 access and instant order execution. The move aims to establish a 'Euro-Standard' for Real World Assets (RWA), countering the dominance of USD-based products like BlackRock’s BUIDL. Amundi’s technology partner CACEIS will provide DLT-based investor wallets and real-time subscription and redemption capabilities. The tokenized and traditional units track the same portfolio of high-quality, short-term euro-denominated instruments. The RWA sector has grown from $770 million in late 2022 to $9 billion by October 2025, according to the Bank for International Settlements (BIS), which has warned of potential operational and liquidity risks.
Amundi Launches Euro-Denominated Tokenized Fund on Ethereum to Challenge BlackRock’s BUIDL
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