Amundi, Europe’s largest asset manager, launches its first tokenized share class for a euro money market fund, allowing investors to choose between traditional and blockchain-based versions. The collaboration with CACEIS streamlines order processing, widens investor access, and enables 24/7 trading. The fund holds about 2.3 trillion euros in assets and serves over 100 million retail clients.

BlackRock and Franklin Templeton are driving growth in tokenized funds investing in US Treasurys. BlackRock’s onchain money market product holds $2.3 billion in tokenized assets, while Franklin Templeton’s fund has more than $826 million. Both companies are expanding across multiple blockchains to increase accessibility and reach. The value of tokenized money market funds climbed to $9 billion by October, up from $770 million in 2023.

Read more at CoinTelegraph: Amundi Launches First Tokenized Money Market Fund on Ethereum