A Milestone for Traditional Finance Moving On-Chain
Amundi, the largest asset manager in Europe, has launched a €5 billion tokenized money market fund on the Ethereum blockchain, marking one of the most significant institutional commitments to on-chain finance to date. The fund, developed in partnership with the asset servicing giant CACEIS, went live on November 4, 2025, and represents a major step toward bringing regulated financial products into blockchain environments.
According to the company, tokenizing the fund enables a more efficient structure for issuance, record-keeping, and settlement while maintaining compliance with existing regulatory frameworks. The collaboration between Amundi and CACEIS establishes the infrastructure needed to securely issue and manage tokenized shares of the fund on Ethereum.
In a statement, Amundi described the launch as "a pivotal step in bridging traditional finance with the innovative capabilities of blockchain technology," highlighting the shift toward hybrid financial models that blend regulated investment products with decentralized infrastructure.
Why Ethereum?
The decision to deploy on Ethereum underscores the network’s growing role as the preferred blockchain for institutional-grade tokenization. The model enables:
- •Faster and more transparent transactions
- •Programmable compliance
- •Greater operational flexibility
- •The ability to interact with on-chain systems or custodians
Investors are expected to benefit from smoother transitions between traditional custody structures and blockchain-based holdings, potentially streamlining internal operations for asset managers and institutional treasuries.
Potential Impact on Ethereum and DeFi
Market observers anticipate that a tokenized fund of this size could influence liquidity flows within the Ethereum ecosystem, especially as institutions explore on-chain settlement or integrate tokenized shares into their operational frameworks.
While the fund itself remains within traditional regulatory boundaries, its presence on Ethereum may indirectly benefit related DeFi infrastructure by reinforcing blockchain’s credibility as a settlement layer for large-scale financial products.
The move reflects a broader trend in Europe toward tokenizing real-world assets (RWA), with regulators increasingly open to blockchain-based financial innovation. Previous tokenized fund pilots across the region suggest that regulatory support for tokenization will continue to expand as institutions seek improved transparency and operational efficiency.