Amundi Partners with CACEIS to Launch First Tokenized Share Class of AMUNDI FUNDS CASH EUR

Odaily reports that European asset management firm Amundi has partnered with CACEIS to launch the first tokenized share class for its AMUNDI FUNDS CASH EUR money market fund. The fund adopts a hybrid distribution model, allowing investors to invest through traditional channels or subscribe to the tokenized share class AMUNDI FUNDS CASH EUR - J28 EUR DLT (C). The solution utilizes distributed ledger technology on the public Ethereum blockchain to record fund shares, enhancing record transparency and transaction traceability.