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breaking: european asset manager launches first tokenized fund on ethereum…amundi’s move towards blockchain signals major industry shift 🔥🚀
Problem: Traditional asset management faces inefficiencies in accessibility, liquidity, and transaction speed.
Insight: Amundi’s adoption of blockchain-based tokenization on
Amundi, a European asset manager, has launched its first tokenized fund on Ethereum in partnership with CACEIS. The fund, AMUNDI FUNDS CASH EUR, aims to mirror the European Central Bank rate. This move signifies Amundi’s shift towards blockchain-based tokenization, with future plans to introduce Bitcoin Exchange-Traded Notes in 2026. Leveraging Ethereum’s blockchain, Amundi ensures 24/7 availability and faster, cheaper transactions. CACEIS provides the infrastructure for tokenizing fund shares, digital wallets, and an order platform. Ethereum’s current price is around $3,000, up 11% from the previous week. [Source: bitcoinist.com] 🌐📈
European company Amundi launches the first tokenized fund based on Ethereum
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