Amundi launches first Ethereum-based tokenized money-market fund share

Published: 2025-11-29 03:13:33 |

Europe’s largest asset manager Amundi, working with CACEIS, has launched a tokenized share class of its AMUNDI FUNDS CASH EUR money-market fund on Ethereum. The first on-chain transaction occurred on November 4. The offering uses a hybrid model that records ownership, subscriptions and redemptions on-chain while keeping the underlying UCITS fund, NAV calculations and euro-denominated assets within Amundi’s regulated framework. CACEIS provides the tokenization stack, investor wallets and a digital order routing platform. Amundi says Ethereum’s near-24/7 settlement and lower transfer costs improve traceability, speed and operational efficiency for fund operations. The firm is also preparing additional digital-asset moves, including plans to issue Bitcoin ETNs in early 2026. Traders should watch on-chain settlement flows into Ethereum, institutional uptake of tokenized funds, and liquidity at key ETH price levels — ETH was trading around $3,000 at the time of reporting. Primary keywords: Amundi tokenized fund, Ethereum tokenization, tokenized money market fund.

Bullish

The launch of a regulated, tokenized money-market share on Ethereum by a major asset manager is likely bullish for ETH price in both the short and long term. Short-term bullish drivers: the first on-chain transaction and publicity can attract tokenized fund flows and trading interest, increasing demand for on-chain settlement gas and potentially ETH buy-side activity as institutions acquire ETH for settlement or custody. Near-24/7 settlement and operational efficiency may also concentrate settlement activity on Ethereum, lifting short-term on-chain volume and fee demand. Long-term bullish drivers: growing institutional adoption of tokenized funds (and planned product rollouts like Bitcoin ETNs) signals structural demand for on-chain infrastructure and reserve assets, supporting ETH utility and demand. Risks and limits: the product is a hybrid model keeping euro assets off-chain within a regulated UCITS wrapper, which mutes direct on-chain capital velocity; gas costs, Layer-2 competition, or regulatory setbacks could constrain impact. Overall, the announcement increases constructive use cases for Ethereum and is expected to be net positive for ETH price trajectory, though magnitude depends on actual capital flows and broader market conditions.