Ethereum News Update: Amundi’s Integrated Approach Connects Blockchain with Conventional Financial Regulations
Amundi Unveils Tokenized Money-Market Fund on Ethereum
Amundi, recognized as the largest asset manager in Europe, has introduced its inaugural tokenized share class for a money-market fund utilizing the Ethereum blockchain. This launch marks a pivotal advancement in merging blockchain technology with mainstream financial services.
The new offering, named Amundi Funds Cash EUR – J28 EUR DLT, is structured similarly to the firm’s existing fund but distinguishes itself by representing investor holdings as blockchain tokens. These tokens are accessible through digital wallets managed by CACEIS, a prominent European asset-servicing provider. Investors now have the flexibility to subscribe either through conventional channels or directly via Ethereum, with the blockchain route enabling continuous, round-the-clock settlements and transparent, tamper-resistant record-keeping.
This initiative, developed in partnership with CACEIS, leverages Ethereum’s public ledger to streamline operations and broaden access to new investor groups. All subscription and redemption activities are handled through a blockchain-native platform, while still maintaining compatibility with traditional fund administration systems. Jean-Pierre Michalowski, CEO of CACEIS, highlighted that this launch supports their vision of offering 24/7 subscription and redemption services for investment fund units, with future plans to support payments in stablecoins or central bank digital currencies as they become available. Jean-Jacques Barberis, Amundi’s Head of Institutional and Corporate Clients, described tokenization as a rapidly accelerating transformation, with intentions to expand similar projects internationally.
The tokenized share class operates alongside the traditional fund structure, ensuring compliance with existing legal and regulatory standards while introducing blockchain-based ownership records. Investors can continue to access the fund through established distribution networks, with Ethereum providing an additional, transparent settlement channel. This dual approach sidesteps the legal complexities associated with fully on-chain funds, making it a practical solution for institutional adoption.
This development reflects a broader surge in real-world asset (RWA) tokenization, which has experienced rapid growth in 2025. The total market capitalization for RWAs has jumped from $15.2 billion at the beginning of the year to $37.1 billion by late November. Ethereum currently hosts $12.4 billion in tokenized assets, second only to Provenance’s $13.9 billion.
Ethereum’s significance in this space is further highlighted by its leadership in both stablecoin issuance and RWA transfer volumes. In the past month alone, Ethereum-based RWA transfers totaled $105.94 billion, while stablecoin transactions reached $2.73 trillion, underscoring the platform’s robust infrastructure. Amundi’s entry positions it as a major participant in the RWA sector, which is increasingly attracting asset managers, fintech companies, and lenders seeking faster settlements and lower operational barriers. The hybrid model, which blends traditional fund management with blockchain-based ownership, has become the preferred approach for regulated institutions, offering a stable regulatory path without requiring a complete overhaul of existing legal frameworks.
As tokenization continues to gain momentum, Amundi’s move signals a broader shift toward integrating blockchain technology within asset management. With more European firms expected to launch tokenized share classes in the near future, the industry is poised for significant changes in fund distribution, settlement processes, and investor accessibility.
