Europe's Largest Company, Managing €2.3 Trillion, Entered the Cryptocurrency Market and Chose This Altcoin!
Europe's largest asset manager, Amundi, has taken its first step into tokenization. This marks a significant step in blockchain integration by introducing the first on-chain tokenized euro money market fund.
The fund, developed with CACEIS, offers both traditional and blockchain-based versions.
This tokenization increases order processing efficiency, expands investor access, and enables continuous trading.
The first transaction was executed on the Ethereum network on November 4th as Amundi selected Ethereum (ETH) for its AMUNDI FUNDS CASH EUR fund.
This move signals a trend aligned with similar initiatives like BlackRock and Franklin Templeton, which have expanded their tokenized fund offerings.
With this move, Ethereum strengthened its leadership in RWA tokenization.
Amundi also began preparations for its first Bitcoin-indexed exchange-traded product (ETP) in October.
Amundi is the region's leading asset manager and one of the tenth largest companies globally, with assets under management of approximately €2.3 trillion.
Serving 100 million customers, including individuals, institutions and companies, Amundi operates in 35 countries.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Assessing the Enduring Return on Investment of Public-Private Collaborations in the Renewal of Webster, NY’s Industrial District
- Webster , NY, leverages PPPs to revitalize industrial zones via $9.8M FAST NY grants and waterfront projects, boosting job creation and property values. - Strategic infrastructure upgrades, including road and energy systems, align with state economic goals, creating a 300-acre shovel-ready industrial hub by 2025. - Long-term ROI projections show 250+ jobs from dairy facilities and 10.1% residential value growth, with industrial property appreciation expected by 2030. - Sector diversification into semicon
The Economic Development Guide: Strategies Webster, NY is Using to Drive Real Estate and Industrial Expansion
- Webster , NY leverages $9.8M FAST NY grants and brownfield redevelopment to transform former Xerox sites into shovel-ready industrial hubs. - Strategic infrastructure upgrades at NEAT site reduced industrial vacancy to 2% while boosting home prices by 10.1% annually. - Public-private partnerships like $650M fairlife® plant and NY Forward Program create 250+ jobs and mixed-use commercial districts. - 2026 plans focus on wastewater modernization and equitable tax policies, aligning with Upstate NY's infras
Bitcoin News Update: Imminent Structural Shift as Bitcoin Faces Increasing Liquidity Challenges
- Bitcoin fell 30% from its October peak, mirroring Google's 2017 liquidity reset, driven by ETF outflows, stablecoin contractions, and leveraged liquidations. - Institutional withdrawals ($3.5B in November ETF redemptions) and a $19B October liquidation event accelerated Bitcoin's steepest two-month decline since 2022. - Stablecoin market capitalization dropped $4.6B, while centralized exchange volumes fell below $25B, worsening Bitcoin's volatility amid fragile macroeconomic sentiment. - Whale accumulati
Bitcoin Updates: Major Investors and Institutions Increase Bitcoin Holdings While Hayes Maintains $250K Prediction
- Arthur Hayes, BitMEX co-founder, reaffirmed Bitcoin's $250K target despite a 30% correction to $87K amid ETF outflows and leveraged liquidations. - Institutional confidence waned after a $19B liquidation event, while mid-tier "whales" and Texas/Hyperscale Data increased Bitcoin holdings. - UAE's new DeFi regulations and Fed policy shifts highlight evolving crypto oversight, with liquidity injections and rate-cut expectations influencing market dynamics. - Analysts note oversold conditions and institution
Trending news
MoreCrypto prices
More
