Amundi’s Ethereum Fund: Money Market Meets Blockchain! 🚀

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Amundi has launched a tokenized share class for its euro money market fund, now as digital as a disco ball at a 1980s party. Using Ethereum, it’s like giving a piggy bank a PhD in blockchain. CACEIS wallet infrastructure? More like a digital wizard’s hat, enabling on-chain orders with the efficiency of a well-oiled teapot. Settlement in stablecoins or future CBDCs? Because nothing says “trust” like a cryptocurrency that’s only slightly less volatile than a kangaroo on a trampoline. 🐨💸

  • Amundi’s new share class, Amundi Funds Cash EUR – J28 EUR DLT, records ownership and transactions on Ethereum for transparency and traceability. Think of it as a blockchain diary for your money, but with fewer bad decisions and more quantum physics. 📝
  • CACEIS provides the digital wallet and blockchain order platform, supporting continuous order processing and near-instant execution. It’s like having a personal assistant who’s also a cyborg. ⚙️
  • Subscriptions and redemptions are designed to settle in stablecoins or future CBDCs, adding an option alongside existing distribution routes. Because why have one way to lose money when you can have two? 💸

Amundi, Europe’s largest asset manager, has launched its first tokenized share class on the Ethereum network, the company announced, representing an expansion of the firm’s digital asset strategy. Because nothing says “innovation” like turning your savings into a digital puzzle that only a blockchain can solve. 🧩

The product provides access to one of the firm’s money market funds through a share class recorded on a public blockchain, according to Amundi. The new class, designated Amundi Funds Cash EUR – J28 EUR DLT, operates on the Ethereum (ETH) network. It’s like a cryptocurrency that’s actually good for something, which is rarer than a well-behaved dragon. 🐉

The blockchain-based structure enables transparent record keeping and full traceability of transactions, the company stated. Because who doesn’t want their financial history to be as public as a toddler’s tantrum? 🍬

Amundi developed the project in partnership with CACEIS, an asset servicing firm that provides the digital wallet system and blockchain-based order platform. The infrastructure enables continuous order processing and establishes a framework for subscriptions and redemptions to be settled in stablecoins or potential future central bank digital currencies, the companies said. It’s like a financial version of a Swiss Army knife-useful, slightly confusing, and always ready to stab you in the back. 🔪

The integration facilitates instant order execution and continuous operations, according to Amundi and CACEIS. The fund remains accessible through traditional distribution channels, with the tokenized share class serving as an additional option for investors rather than a replacement for existing access methods, the firms stated. Because why choose between a brick-and-mortar bank and a digital ghost when you can have both? 🏦👻

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2025-12-01 15:55