In this new series on Capital Pioneer, we will be spotlighting companies driving convergence and innovation. This first story highlights Amundi, whose recent initiative makes it a strong potential candidate for Asset Manager of the Year.
Amundi, a leading European asset manager, has tokenised its first money market fund (MMF) in collaboration with Caceis.
The MUNDI FUNDS CASH EUR money market fund now leverages distributed ledger technology (DLT) and the public Ethereum blockchain for transaction record-keeping.
“The tokenisation of assets is a transformation set to accelerate in the coming years around the world,” said Jean-Jacques Barbéris, head of institutional and corporate clients, and ESG at Amundi.
“This first initiative on a money market fund demonstrates our expertise and the robustness of our methodology in covering concrete use cases.”
In the collaboration, Caceis provided the technology and infrastructure for tokenising fund units, creating digital portfolios for investors, and developing the digital order platform for subscription and redemption.
The adoption of blockchain technology offers several benefits for investors and fund distributors, including instant execution and access to new generation investors, according to Caceis.
“This is a decisive step towards achieving our goal of offering 24/7 subscription and redemption services for investment fund units payable in stable coins (EMT) or central bank digital currency when it becomes available,” said Jean-Pierre Michalowski, chief executive officer at Caceis.
The Pioneer awards host the Asset Manager of the Year category, recognising firms leveraging AI, blockchain, or alternative data to enhance performance and transparency.
Amundi’s pioneering use of blockchain technology in investment fund management exemplifies the type of innovation the Pioneers seeks to showcase, highlighting advances in performance, transparency, and investor accessibility.
