Amundi Launches First Tokenized Money Market Fund on Ethereum, Challenging BlackRock’s BUIDL

Amundi, Europe’s largest asset manager, has introduced a tokenized share class of its Euro money market fund on the public Ethereum blockchain. This innovative model offers investors access to both traditional and self-custody options for their investments. The move positions Amundi as a leading player in the burgeoning on-chain finance space, creating a regulated Euro-denominated collateral asset directly competing with BlackRock’s USD-based BUIDL initiative.