Which fund was tokenized on ETH?

TLDR

Amundis Amundi Funds Cash EUR money market fund was tokenized on Ethereum (ETH), issuing a tokenized share class recorded on-chain per a recent announcement by Amundi and partners.

1. The first on-chain transaction was settled on 4 Nov, confirming the Ethereum-based share class rollout reported by finance media.
2. The fund runs a hybrid model (traditional shares plus on-chain units) with infrastructure from CACEIS per the project site coverage.
3. Context: Ethereum hosts other tokenized funds, including BlackRocks onchain money market product and Fidelitys FDIT covered in a market update.

Deep Dive

1. What Was Tokenized

Amundi Funds Cash EUR, a euro money market fund, now has a tokenized share class on Ethereum. The rollout was announced in late November, with the first transaction recorded on 4 Nov per a media report.

• Amundi describes using public Ethereum for transparent record-keeping and unit traceability stated in coverage.

2. How It Works

Amundi set up a hybrid structure: investors can hold the traditional share class or the tokenized version recorded directly on Ethereum. CACEIS provides investor wallets and the blockchain order system to process subscriptions and redemptions per the project site coverage.

1. Hybrid transfer agent capabilities aim to enable 24/7 subscriptions/redemptions and future stablecoin-based settlement when available noted in the announcement.
2. Tokenization is positioned to streamline order processing and improve auditability versus legacy rails per the project site coverage.

3. Why It Matters

Tokenized funds on Ethereum are scaling, with large managers already live. BlackRocks onchain money market product leads in assets, and Fidelitys tokenized Treasury fund (FDIT) has passed $250 million, reinforcing Ethereums role in RWAs covered in a market update and industry press.

1. Ethereums smart-contract ecosystem supports regulated tokenized funds and 24/7 transfer semantics outlined in a market update.
2. For investors, tokenized shares can reduce settlement frictions while preserving familiar fund structures stated in coverage.

Conclusion

The tokenized fund on Ethereum is Amundi Funds Cash EUR, delivered via a hybrid share class and supported by CACEIS infrastructure. This extends the growing set of regulated tokenized funds on Ethereum, where scale, auditability, and 24/7 access could improve distribution and settlement for traditional cash-like products.