Amundi has launched Europe’s first tokenized share of a money market fund, AMUNDI FUNDS CASH EUR. This innovative offering is accessible through both traditional and blockchain-based distribution channels, as announced on Thursday.
The fund leverages distributed ledger technology and the public Ethereum blockchain to ensure transparent record-keeping of fund units and traceability of transactions. This technological infrastructure is provided by technology partner CACEIS, who also supplies a digital platform for subscriptions and redemptions. The inaugural transaction was successfully recorded on the Ethereum network on November 4.
Amundi: Europe's Leading Asset Manager
Amundi stands as the region's foremost asset manager and ranks among the top ten globally, overseeing approximately 2.2 trillion euros in assets under management. The firm serves a diverse client base of 100 million individuals, institutions, and corporations, supported by a team of 5,700 professionals operating across 35 countries.
This tokenization initiative on Ethereum signifies Amundi's strategic progression towards digital asset distribution, positioning the firm at the vanguard of blockchain adoption within the traditional asset management sector.
🚨 BREAKING: 🇪🇺 Amundi, Europe’s largest asset manager, has launched the first tokenized money-market fund.
Invest with traditional shares or on-chain via blockchain: full transparency, instant orders, 24/7 access.
EUROPE IS ALL IN ON RWA 🔥 pic.twitter.com/ITGWDTgFop
— Real World Asset Watchlist (@RWAwatchlist_) November 27, 2025
“The tokenization of assets is a transformation set to accelerate in the coming years around the world. This first initiative on a money market fund demonstrates our expertise and the robustness of our methodology in covering concrete use cases,” stated Jean-Jacques Barbéris, Head of Institutional and Corporate Clients, at Amundi.
This development is a significant milestone for Ethereum, reinforcing its standing as the leading platform for tokenizing real-world assets.
The current value of tokenized assets on-chain has reached an all-time high of $36 billion, according to RWA.xyz.
Ethereum Continues to Lead RWA Tokenization
Ethereum maintains its position as the dominant player in the real-world asset (RWA) tokenization market, holding approximately 64% of the market share by value. This dominance increases to over 72% when layer-2 networks are included. Furthermore, Ethereum hosts more than 60% of all stablecoins, as reported by RWA.xyz.
The BlackRock BUIDL fund currently leads on Ethereum with a total asset value of $2.3 billion. Franklin Templeton's money market fund follows with over $825 million in assets. Both of these prominent funds also have a small portion of their assets tokenized on other blockchain networks.