In accordance with HashNews, Amundi, the largest asset manager in Europe, has launched its first on-chain tokenized euro money market fund. The fund, developed in collaboration with CACEIS, offers investors a choice between a traditional version and a new blockchain-based version, with the first trade recorded on the Ethereum network on November 4. The tokenization of the fund streamlines order processing, broadens access to new investors, and enables 24/7 trading. The fund primarily invests in short-term, high-quality euro-denominated debt, including money market instruments and overnight repurchase agreements with European sovereigns. Amundi, based in Paris, manages approximately 2.3 trillion euros in assets and serves over 100 million retail clients. Meanwhile, BlackRock and Franklin Templeton are also expanding their tokenized money market fund offerings, with BlackRock's on-chain products holding $2.3 billion in tokenized assets and Franklin Templeton's fund managing over $826 million. The BIS reported that tokenized money market funds reached $9 billion in size by the end of October, up from about $770 million at the end of 2023.
Amundi Launches First On-Chain Euro Money Market Fund
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