Europe’s leading asset manager Amundi has launched the first tokenized share class for a euro-denominated money market fund, marking a significant milestone in institutional adoption of blockchain technology within traditional finance. This innovative fund offers investors a choice between the classic structure and its blockchain-based counterpart, with initial transactions processed on the Ethereum network. Partnering with CACEIS, a prominent European asset-servicing firm, Amundi streamlined fund operations, broadened investor access, and enabled around-the-clock trading for this fund. 2.3 trillion euros in assets under management by Amundi allows it to manage a vast client base across retail investors and institutions.