Amundi, a leading European asset manager, has tokenized its flagship euro cash fund to bring more products onto distributed ledgers. Investors can now purchase a traditional share class or hold a tokenized version on Ethereum. The fund uses blockchain technology for transparent record-keeping and quicker settlement.

Europe continues to lead in regulated tokenized funds, with firms in Luxembourg, France, and Germany issuing blockchain-native fund units. Clear guidance from regulations allows asset managers to hold and record digital shares easily. This trend highlights the region’s commitment to innovation in the financial sector.

CACEIS, the European asset-servicing firm collaborating with Amundi, announced that investors can buy the fund using stablecoin or central bank digital currency. This new hybrid Transfer Agent service allows clients to access a new distribution channel through blockchain, offering 24/7 subscription and redemption services. This move aims to streamline investment processes and provide more flexibility for investors.

Read more at Yahoo Finance: European Asset Manager Amundi Debuts Tokenized Share Class on Ethereum