Amundi, Europe's Largest Asset Manager, Launches First Tokenized Fund on Ethereum

Amundi, one of Europe's largest asset management companies, announced on the 27th that it has launched the first tokenized shares of its money market fund 'AMUNDI FUNDS CASH EUR'. The initial transaction took place on November 4th, and the fund is offered in a hybrid format, accessible through both traditional and tokenized shares 'AMUNDI FUNDS CASH EUR - J28 EUR DLT (C)'.

The fund utilizes blockchain technology and the public Ethereum (ETH) blockchain for transparent record-keeping and traceability of transactions...