Asset manager Amundi issues first Tokenize fund certificates on Ethereum, enabling 24/7 transaction processing and future stablecoin settlement.
Amundi, Europe’s largest asset manager, has taken the groundbreaking step of Tokenize part of its AMUNDI FUNDS CASH EUR money market fund. The transaction, which took place on November 4, marks the first time the group has converted a product to chain format. The fund is now available in two parallel forms: the traditional version and the AMUNDI FUNDS CASH EUR digital certificate – J28 EUR DLT (C).
Ownership records and transaction processing are performed on Ethereum, ensuring data immutability, increased traceability and transparency for stakeholders. This hybrid approach allows investors to choose between traditional methods or chain technology depending on their needs and technological readiness.
Strategic cooperation with CACEIS
The project is implemented in collaboration with CACEIS, one of the largest service providers in the European asset management market. CACEIS plays an important Vai as a transfer agent, responsible for operating the entire technological infrastructure including the Tokenize platform, digital wallet for investors and the system for receiving requests for registration and redemption of fund certificates.
According to Amundi, the application of chain technology brings many key advantages such as instant order processing, uninterrupted continuous operations and expanded distribution channels towards a new generation of investors familiar with digital assets.
Jean-Jacques Barbéris, Head of Institutional and Corporate Clients and Head of ESG at Amundi, believes that asset Tokenize will become a global trend in the coming years. He asserted that the launch of Tokenize money market fund certificates demonstrates the company’s readiness to apply the technology to practical use cases with the highest security standards.
CACEIS CEO Jean-Pierre Michalowski stressed that the new hybrid transfer agent model will allow clients to quickly connect to a chain -based distribution channel. He said the initiative is an important step towards providing seamless subscription and redemption services, with the possibility of settlement in stablecoins or central bank digital currencies when these instruments are officially deployed.
Amundi's move reflects a growing trend in the global asset management industry, as major institutions such as DBS Bank, Franklin Templeton and Ripple have offered Tokenize money market fund-based trading and lending tools to institutional investors.
