Blockchain push reshapes Amundi Money Market Fund – Short Term

Amundi is experimenting with tokenised share classes for its Amundi Money Market Fund – Short Term, aiming to marry traditional liquidity management with blockchain infrastructure and automated, 24/7 settlement for treasurers and institutional clients.

Edited by ad hoc news Flagship & Bestseller Desk. Reviewed before publication on 06/15/2026 at 2:26 PM ET. Details in the imprint.

Amundi is using its flagship liquidity product, the Amundi Money Market Fund - Short Term, as a showcase for tokenised fund shares that run on blockchain rails. The asset manager has launched tokenised share classes of this money market fund as part of a broader collaboration with CACEIS and Ant International, targeting faster settlement and more flexible treasury operations for institutional clients and large corporates. According to Amundi, the tokenised units represent claims on the same underlying portfolio and follow the same investment strategy as the conventional share classes, but are recorded and transacted via distributed ledger infrastructure instead of the traditional fund transfer agency system. An Amundi announcement describes the initiative as a step toward blockchain-powered treasury and tokenised investment solutions.

How Amundi’s tokenised money market fund is designed to work

The Amundi Money Market Fund - Short Term is a euro-denominated short-term money market strategy that invests primarily in high-quality, short-duration instruments such as government bills, commercial paper, certificates of deposit and short-term corporate debt, aiming to preserve capital and provide daily liquidity. In its conventional version, the fund is widely used as a cash management tool by institutions seeking a yield pick-up over overnight deposits while maintaining limited interest-rate and credit risk. By offering equivalent share classes as tokens issued and recorded on a blockchain, Amundi is effectively creating a parallel representation of existing fund units that can settle on-chain while keeping the portfolio itself in traditional custody structures. Amundi and CACEIS state that these tokenised share classes are fully backed by the same underlying assets and are compliant with applicable European fund regulations, ensuring that investors in both traditional and tokenised shares have identical rights and protections attached to their holdings. A Credit Agricole Group press release details that the project uses permissioned blockchain infrastructure and aims at streamlined fund distribution and settlement.

From a user perspective, the tokenised share classes are intended to make it possible for treasurers and institutional investors to subscribe and redeem fund positions using digital platforms connected to the blockchain, with near real-time settlement instead of the conventional cutoff-based end-of-day batch process. Amundi and its partners position this as a way to reduce operational friction and settlement risk in cash management, where large corporates increasingly look for intraday visibility and control over cash balances. Tokenisation could also facilitate more granular and potentially programmable features, such as automated sweep mechanisms that move excess cash into money market fund tokens above a predefined threshold and redeem them when liquidity is needed, with the logic embedded in smart contracts. For now, the initiative is focused on professional and qualified investors, and Amundi frames the tokenised version of its money market fund as an additional access channel rather than a separate product line, indicating that the net asset value, risk profile and regulatory reporting align with the existing fund structure. Coverage by Morningstar relaying the Business Wire release notes that Amundi has successfully launched tokenised share classes for the Amundi Money Market Fund - Short Term as part of the partnership.

Amundi positions this tokenised share-class rollout as a flagship demonstration of how regulated fund products can be adapted to emerging digital market infrastructures without altering their core investment characteristics. For the group, money market funds are a key volume driver in liquidity solutions, and adapting the Amundi Money Market Fund - Short Term to a tokenised format allows the firm to test blockchain workflows in a product that is already familiar to corporate treasurers and institutional allocators. Strategically, Amundi is also responding to growing interest from banks, fintech platforms and corporate clients in digital-native instruments that can be integrated into treasury systems, automation tools and potentially tokenised payment ecosystems. In this context, the short-term fund’s tokenised share classes serve both as a technology pilot and as a potential template for future tokenised versions of other UCITS and alternative strategies across the Amundi fund range.

Within the broader Amundi product portfolio, tokenising share classes of a money market fund has a relatively low market-risk profile but a high operational and strategic learning value. The fund’s stable, short-duration holdings and daily liquidity make it a pragmatic candidate for experimenting with new distribution and settlement channels, while the institutional client base offers the scale to test real-world workflows. If tokenised fund units gain traction, Amundi could eventually extend the model to fixed income, multi-asset or equity index funds, enabling portfolio rebalancing and collateral management processes that operate on-chain while remaining fully anchored in regulated fund structures. For corporate and institutional investors, the tangible benefit will hinge on whether the tokenised access materially improves settlement speed, reconciliation and integration with existing treasury and risk systems compared to traditional transfer agency processes.

Amundi is Europe’s largest asset manager by assets under management and is listed on Euronext Paris, giving the firm access to capital markets to fund ongoing investments in digital infrastructure and product innovation. Shares of Amundi (FR0004125920) last traded on Euronext Paris in euros, reflecting investor expectations for the profitability and scalability of initiatives such as the tokenised Amundi Money Market Fund - Short Term within the group’s wider strategy.

Amundi Money Market Fund - Short Term in brief

• Product: Amundi Money Market Fund - Short Term (tokenised share classes)
• Manufacturer: Amundi S.A.
• Category: Flagship short-term money market fund
• Launch date: Conventional fund launched earlier; tokenised share classes introduced in 2026
• MSRP / Price: Open-ended fund with daily net asset value; subscription price linked to NAV
• Availability: Offered to professional and institutional investors via traditional channels and, for the tokenised share classes, via connected blockchain platforms in relevant European markets
• Target audience: Corporate treasurers, institutional investors and professional clients seeking short-term cash management with regulated fund structures
• Key differentiator / USP: Combines a well-established European money market fund with blockchain-based tokenised share classes for faster, more flexible settlement and integration into digital treasury workflows

This article was a.i.-assisted and editorially reviewed. Product information without warranty; prices and availability may change at short notice. Not investment advice and not a buy or sell recommendation. Trading involves risk up to and including the total loss of invested capital.