Amundi, Europe's largest asset manager, has introduced its first on-chain tokenized euro money market fund, marking a significant step in blockchain integration. Developed with CACEIS, the fund offers both traditional and blockchain-based versions, with the inaugural trade executed on the Ethereum network on November 4. This tokenization enhances order processing efficiency, expands investor access, and allows for continuous trading. The fund focuses on short-term, high-quality euro-denominated debt, including money market instruments and overnight repurchase agreements with European sovereigns. Amundi manages approximately 2.3 trillion euros in assets, serving over 100 million retail clients. This move aligns with similar initiatives by BlackRock and Franklin Templeton, which are also expanding their tokenized fund offerings. The BIS noted that tokenized money market funds have grown to $9 billion by October's end, a substantial increase from $770 million at the close of 2023.