With the rapid evolution of the financial sector, Amundi has launched a tokenized version of its monetary fund AMUNDI FUNDS CASH EUR. Investors can now hold shares in the form of digital tokens rather than through traditional channels. While the objective and structure of the fund remain unchanged, this initiative marks Amundi's desire to modernize asset management and meet new investor expectations.
In brief
- Amundi has launched a tokenized version of its money market fund AMUNDI FUNDS CASH EUR, allowing investors to hold digital shares.
- The deployment was carried out with CACEIS, which provides the technical infrastructure, manages digital wallets and processes orders.
- This initiative comes as tokenized monetary funds have experienced strong growth for two years.
A hybrid fund powered by blockchain
The tokenized fund leverages distributed ledger technology combined with the public Ethereum network, allowing every share movement to be recorded securely and verifiably. The first on-chain operation took place on November 4. In order to reach a wide range of investors, the fund adopts a hybrid model: it remains accessible via traditional channels while offering a digital option.
THE deployment was carried out in partnership with CACEISan asset services company which provides the technical infrastructure for tokenization, manages digital wallets and operates the platform for processing subscriptions and redemptions. This collaboration combines blockchain innovation and traditional fund operations to provide a seamless experience for investors.
Making tokenized funds accessible to more investors
Jean-Jacques Barbéris, head of institutional, corporate and ESG clients at Amundi, believes that the tokenization of assets will experience global growth in the coming years. He emphasizes that the introduction of a tokenized monetary fund demonstrates Amundi's ability to apply its operational model in a concrete case. The company plans to expand its tokenization initiatives while maintaining high security standards and providing added value to customers in France and abroad.
The tokenized model offers several advantages: immediate order execution, access to a broader and younger investor base, and the ability to trade continuously, even outside of market hours. These benefits reinforce the fund's hybrid approach, which thus gains in flexibility and efficiency.
To explain how these advantages are concretely implemented, Jean-Pierre Michalowski, CEO of CACEIS, specifies that the hybrid transfer agent service provides clients with a new distribution channel. He adds: “ This is a decisive step towards our goal of offering 24/7 subscription and redemption services for investment fund shares payable in stablecoins (EMT) or central bank digital currency when available. »
Based in Paris, Amundi manages approximately €2.3 trillion in assets and supports more than 100 million retail investors around the world, illustrating the scale of this digital initiative.
Strongly growing adoption of tokenized monetary funds
This launch comes against a backdrop of marked growth in tokenized money market funds, particularly those invested in US Treasury bonds. According to RWA.xyz, BlackRock's blockchain money fund manages nearly $2.3 billion in digital assets, while Franklin Templeton's is over $826 million.
The increase reflects a broader trend highlighted in a recent bulletin from the Bank for International Settlements, which indicates that after a slow start, these funds have grown significantly over the past two years. The total value locked increased from approximately $770 million at the end of 2023 to nearly $9 billion in October 2025, reflecting growing interest in blockchain-based investment solutions and the growing role of tokenization in traditional finance.
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