Europe’s Biggest Asset Manager Amundi Is Now Using Ethereum
Amundi just sent a clear message to the financial world. The biggest asset manager in Europe has taken one of its money-market funds and pushed it directly onto Ethereum. Not as a test. Not as a side project. As a real, live tokenized share class available to investors. It’s the kind of move that shows how quickly traditional finance is blending with blockchain, and why tokenization is becoming the next major shift in global markets. What follows isn’t hype. It’s a concrete step toward twenty-four seven fund access, instant settlement, and a new kind of investment infrastructure built for the digital era.
Amundi Steps Into Tokenization
Amundi has officially launched its first tokenized share class of a money-market fund on Ethereum. The product is called Amundi Funds Cash EUR – J28 EUR DLT, and it sits on a public blockchain instead of the usual closed financial registry. The idea is simple: make fund ownership more transparent, easier to transfer, and available through more digital channels.
The goal isn’t to replace the old system overnight. It’s to build a hybrid model where traditional buyers continue using their normal routes, while new investors get access through blockchain-based rails. Think of it as opening a new door without closing the existing ones.
How the Collaboration With CACEIS Changes the Game
Amundi didn’t do this alone. CACEIS provided the backbone: blockchain-enabled transfer-agent infrastructure, investor digital wallets, and a 24/7 order engine for buying and redeeming shares.
What this really means is that activities that normally stop after business hours can now operate continuously. Subscriptions, redemptions, and record-keeping no longer need to wait for banking hours. You get instant order execution and a transparent on-chain audit trail.
CACEIS CEO Jean-Pierre Michalowski put it plainly: this move is the first step toward a future where fund transactions happen around the clock and potentially settle in stablecoins or even future central-bank digital currencies.
Why Tokenization Matters for Amundi’s Future
From Amundi’s perspective, this isn’t a one-off experiment. Jean-Jacques Barberis described tokenization as a transformation that’s set to accelerate in the coming years. And you can see why:
Blockchain handles record-keeping with transparency baked in.
- Settlement becomes faster.
- Operational continuity becomes 24/7.
- Access widens to new investor segments and new markets.
For money-market funds in particular, the ability to subscribe and redeem instantly is a massive advantage. It cuts down processing time, reduces operational risk, and clears the path for fully digital distribution models.
The Bigger Picture: RWA Tokenization Is Exploding
What’s happening with Amundi fits into a much bigger story. Real-world asset (RWA) tokenization has surged in 2025. Market cap jumped from 15.2 billion dollars at the start of the year to 37.1 billion dollars by late November. That’s not hype. That’s adoption.
The Provenance blockchain currently leads the category with nearly 13.9 billion dollars in tokenized assets, driven primarily by heavy issuance from Figure Technologies, now a Nasdaq-listed player. Ethereum follows with 12.4 billion dollars tokenized, and there’s additional activity flowing into ZKsync, BNB Chain, Polygon, and smaller networks.
Amundi’s move signals that major institutions now see tokenization not as a theoretical future, but as infrastructure that will support their next decade of growth.
Tokenized funds won’t stay niche for long. As more asset managers test hybrid models, the old boundaries around fund distribution will fade. Investors will expect faster transactions, clearer records, and around-the-clock access.
Amundi’s experiment with Ethereum is likely to push the rest of the industry forward. Tokenization is shifting from a buzzword to a standard tool in global finance, and this launch shows exactly where things are headed.
If this is the starting point, the next few years are going to look very different for how funds are built, managed, and accessed.
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