Europe’s Largest Asset Manager Quietly Launches Tokenized Money Market Fund on Ethereum

Amundi — Europe’s largest asset manager controlling more than €2.2 trillion in assets — launched a tokenized euro money market fund directly on public Ethereum on November 4, 2025. What surprised the crypto industry wasn’t just the scale of the institution involved, but the fact that Amundi made this move without consulting crypto players or announcing it upfront. The revelation surfaced only three weeks later, highlighting how traditional finance is quietly adopting blockchain infrastructure.

Ethereum Chosen Over Private Chains

This development aligns with a growing pattern: institutional investors increasingly select Ethereum as their preferred settlement and tokenization layer. Just like BlackRock and Franklin Templeton before them, Amundi chose Ethereum’s transparent, permissionless blockchain rather than private, permissioned networks. This trend reflects Ethereum’s strengthening position as the global standard for real-world asset (RWA) tokenization.

24/7 Hybrid Access Through CACEIS

Amundi partnered with CACEIS (a major European custodian) to structure the fund in a hybrid model—accessible both through traditional finance channels and on-chain. The tokenized fund enables 24/7 trading, instant settlement, and programmable fund operations, granting institutional investors access to blockchain efficiencies without abandoning regulatory frameworks.

Ethereum’s Growing Role in the RWA Boom

The move comes at a time when the RWA sector has exploded—from $770 million in 2022 to nearly $9 billion by October 2025. Amundi’s entry signals that Ethereum is becoming the default institutional settlement layer, accelerating the mainstream adoption of tokenized money markets and treasury products.