European asset manager Amundi has announced its first tokenized fund in partnership with CACEIS, running on the Ethereum blockchain.

Amundi Launches Tokenized Fund On Ethereum

As per an announcement on the official website, Amundi has launched the first tokenized share of one of its money market funds. Headquartered in France, Amundi is an asset manager that serves more than 100 million users worldwide and manages over $2.3 trillion in assets. It’s the largest traditional asset manager in Europe and among the top 10 globally.

The latest news suggests that the asset manager is now moving into blockchain-based tokenization. A “tokenized” asset refers to the digital representation of a real-world asset, like a stock or metal. “The tokenization of assets is a transformation set to accel

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