Amundi launches tokenized euro money market fund

Foresight News reported, according to Cointelegraph, that European asset management company Amundi has launched a tokenized euro money market fund. The fund adopts a hybrid structure, allowing investors to choose between a traditional version and a new blockchain-based version. The first transaction was recorded on the Ethereum network on November 4.

This project was developed in collaboration with European asset servicing group CACEIS, which provides tokenization infrastructure, investor wallets, and a digital order system. The tokenized fund can simplify order processing, broaden investor channels, and enable 24/7 trading. The fund mainly holds short-term, high-quality euro-denominated debt, including money market instruments and overnight repurchase agreements with European sovereign states.