TLDR
Several major money market funds have tokenized share classes on Ethereum (ETH), notably Amundi Funds Cash EUR, Fidelitys FDIT, and BlackRocks BUIDL.
- Amundi Funds Cash EUR launched a tokenized share class on Ethereum, first transaction on 4 Nov, per an asset manager update.
- Fidelitys tokenized Treasury MMF (FDIT) runs on Ethereum with over $250 million on chain per a market report.
- BlackRocks BUIDL is the largest tokenized MMF, around $2.3 billion on Ethereum per a sector roundup.
Deep Dive
1. Amundi Funds Cash EUR
Amundi introduced a tokenized share class of its euro money market fund recorded on Ethereum.
- The fund operates in a hybrid model (traditional or on-chain) and completed its first Ethereum settlement on 4 Nov per an asset manager update.
- The rollout partners with CACEIS for wallets and order processing, with goals of faster settlement and clearer audit trails per a media brief.
Institutions can access the same fund via an on-chain unit, potentially reducing operational friction while retaining regulated fund structures.
2. Fidelity Digital Interest Token (FDIT)
Fidelitys tokenized share class of its Treasury money market fund is fully on Ethereum.
- FDIT represents short-term U.S. government instruments and recently passed $250 million on chain per a market report.
- The RWA segment has been expanding rapidly, with Ethereum hosting a majority of tokenized assets per the roundup above.
On-chain cash equivalents can offer operational uptime and programmable access, but investor eligibility and wallet whitelisting often apply.
3. BlackRock BUIDL
BlackRocks on-chain MMF (BUIDL) remains the largest tokenized fund on Ethereum.
- BUIDLs size is about $2.3 billion, making it the leading tokenized real-world asset product per the sector roundup.
- Growth in tokenized MMFs parallels broader adoption of tokenized Treasuries and institutional rails per a media overview.
Scale signals rising institutional comfort with public chains for settlement and record-keeping, though access is typically restricted to qualified investors.
Conclusion
The clearest examples today are Amundi Funds Cash EUR, Fidelitys FDIT, and BlackRocks BUIDL, all offering tokenized share classes on Ethereum. This trend points to more institutional-grade cash products moving on chain, with benefits in settlement speed and transparency balanced by eligibility and compliance constraints.
Confidence: moderate because evidence comes from recent, credible reports and asset manager updates within the past week.
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