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

on November 5, according to an official announcement from Amundi, French asset manager Amundi has partnered with financial services firm CACEIS to launch the first tokenized share of its AMUNDI FUNDS CASH EUR money market fund, named "AMUNDI FUNDS CASH EUR - J28 EUR DLT (C)".

Technically, the solution leverages distributed ledger technology (DLT) on the Ethereum public chain to record fund shares and enhance transaction traceability. Amundi stated that this launch is part of its asset tokenization strategy, and it plans to continue expanding related operations to serve clients in France and internationally.