French asset management giant Amundi partners with CACEIS to launch first Ethereum-based tokenized money market fund shares

TechFlow news, November 05: according to Amundi's official announcement, French asset management company Amundi and financial services provider CACEIS have collaborated to launch the first tokenized share of its AMUNDI FUNDS CASH EUR money market fund, named 'AMUNDI FUNDS CASH EUR - J28 EUR DLT (C)'. The product adopts a hybrid distribution model; investors can still subscribe through traditional channels and also participate through tokenized shares.

Technically, the solution is based on distributed ledger technology (DLT) on the Ethereum public blockchain, used to record fund shares and improve transaction traceability. Amundi said this launch is part of its asset tokenization strategy, and it will continue to expand related services in the future to serve French and international clients.

Source: TechFlow