What fund did Amundi tokenize?

TLDR

Amundi tokenized its Amundi Funds Cash EUR money market fund as a tokenized share class on Ethereum.

1. Fund: Amundi Funds Cash EUR (euro money market fund) (announcement coverage).
2. Structure: hybrid distribution with a blockchain share on Ethereum (ETH) alongside the traditional share class.
3. Timeline: first tokenized transaction settled on 4 Nov, in partnership with CACEIS for wallets and processing.

Deep Dive

1. The Fund

Amundi brought on-chain a share class of its Amundi Funds Cash EUR, a euro cash money market fund that targets ECB-rate aligned returns according to coverage of the launch. Multiple reports identify this specific fund as the tokenized product (Yahoo Finance, Cointelegraph).

2. Chain and Structure

The tokenized share class is recorded on the public Ethereum network, while the traditional cash-settled share class continues in parallel. This hybrid setup preserves existing distribution while adding on-chain access and 24/7 record-keeping for fund units (Cointelegraph, CoinJournal).

3. Timeline and Partner

Amundi says the first tokenized transaction settled on 4 Nov, and it collaborated with CACEIS, which provided wallets and the digital order platform for subscriptions and redemptions (Yahoo Finance, Bitcoinist).

Conclusion

Amundis move puts a conservative money market product, Amundi Funds Cash EUR, into a tokenized share class on Ethereum, using a hybrid model that maintains traditional access. The combination of CACEIS infrastructure and on-chain records suggests a pragmatic path for larger fund complexes to adopt tokenization while preserving existing investor workflows.