Europe’s largest asset manager Amundi, asset servicing group CACEIS, and Ant International have launched their tokenized share classes for the Amundi Money Market Fund – Short Term, denominated in Euro and US dollars, developed for Ant International’s intra-group liquidity management needs.
In a statement on Moday, Ant International said the tokenized share classes were developed following a memorandum of understanding signed last November, with CACEIS acting as transfer agent and tokenization agent. The collaboration enhances Ant International’s on-chain treasury capabilities and overall operational efficiency.
Kelvin Li, General Manager of Platform Tech and Senior Vice President at Ant International, said the company has utilized blockchain for internal treasury management since 2019, and that the partnership with Amundi will help co-develop secure, compliant investment products accessible 24 hours a day, seven days a week globally.
Fannie Wurtz, Deputy General Manager and Head of Client Group at Amundi, said the collaboration reflects Amundi’s dedication to meeting the evolving needs of sophisticated clients and its ambition to shape the future of finance through real-world applications of tokenisation.
Jean-Jacques Barbéris, Deputy CEO of CACEIS, said the cooperation demonstrates CACEIS’s capacity to embrace the transformation underway in the financial industry at a global level.
Building on the launch, the three parties are exploring listing the Amundi Money Market Fund – Short Term on Whale, Ant International’s internal blockchain-based treasury management platform, and co-developing new money market fund solutions for corporate treasurers worldwide. Amundi and Ant International are also exploring expanding the solution to new markets and currencies, subject to regulatory approvals.
Amundi manages close to €2.4 trillion in assets. CACEIS holds €5.9 trillion in assets under custody and €3.7 trillion in assets under administration.
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