Amundi Launches Ethereum-Based Tokenized Money Market Fund

Europe’s leading asset manager, Amundi, has taken a significant step towards revolutionizing the financial industry by tokenizing one of its flagship money market funds on the Ethereum blockchain. The fund, representing over €5 billion in assets under management, offers investors access to this investment vehicle through both traditional platforms and a public blockchain interface. The move leverages Ethereum’s robust smart contract ecosystem, a key driver for institutional tokenization projects in various sectors, from bonds to fund shares.