European asset management giant Amundi has gone on-chain: the first tokenized money market fund has successfully traded on Ethereum.

[Chain News] European asset management giant Amundi recently did something quite interesting - it created a blockchain version of its Euro money market fund. This is not just a concept hype; a real transaction involving actual funds was successfully executed on Ethereum in early November.

This gameplay is actually quite clever: the traditional version and the on-chain version operate in parallel, allowing investors to switch freely between the two versions. The technical support behind this comes from CACEIS, a European asset service provider, which has built a complete set of tokenized infrastructure—from investor wallets to a digital order system for subscription and redemption, covering the entire chain.

Why go through all this trouble? The reasons given by the two institutions are quite straightforward: to simplify order processing and attract new capital into the market, and the most crucial point is to enable 24/7 trading. The old rules of T+1 settlement from traditional funds have been directly broken on the blockchain.

As for what this fund itself invests in? It's still those stable targets—short-term Euro-denominated debt, money market instruments, plus playing overnight repos with European sovereign institutions. The risk appetite hasn't changed, just the trading method has changed.

To be honest, when traditional financial giants start to take blockchain infrastructure seriously, the significance of this matter may be more worthy of contemplation than those purely on-chain native projects. After all, it connects to a traditional capital pool worth trillions, not a valuation bubble supported by storytelling.