Amundi, a European asset supervisor, has launched a tokenized model of a euro cash market fund that provides buyers a conventional route and a blockchain-based model.
The primary on‑chain transaction was on Ethereum
$3,017.33
on November 4.
The initiative was created in partnership with CACEIS, an asset servicing firm, which provided the infrastructure, investor wallets, and the digital system for processing purchases and redemptions.
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The initiative makes use of distributed ledger expertise together with the general public Ethereum blockchain to file fund models and monitor transactions. This hybrid setup retains the fund obtainable within the common manner and thru a tokenized share class often known as AMUNDI FUNDS CASH EUR – J28 EUR DLT (C).
Advantages for buyers and fund distributors embrace on the spot order execution, broader distribution to newer generations of buyers, and steady 24/7 operation.
Jean‑Pierre Michalowski, CEO of the asset‑servicing accomplice, defined that the brand new hybrid Switch Agent service gives shoppers fast and quick access to a blockchain‑based mostly distribution channel.
It marks a step towards delivering 24/7 subscription and redemption providers for funding fund models payable in stablecoins or central financial institution digital currencies after they grow to be obtainable.
Jean‑Jacques Barbéris, head of institutional and company shoppers and ESG on the asset supervisor, stated the mission demonstrates the agency’s experience and powerful methodology in actual use circumstances. The corporate plans to proceed and increase tokenization efforts to profit shoppers in France and globally.
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