Europe’s Largest Asset Manager Launches Tokenized Fund on Ethereum

Amundi has launched Europe’s first tokenized share of a money market fund (AMUNDI FUNDS CASH EUR), making it available through both traditional and blockchain-based distribution, according to an announcement on Thursday.

The fund uses distributed ledger technology and the public Ethereum blockchain “to ensure transparent record-keeping of fund units and traceability of transactions,” technology partner CACEIS stated.