Amundi Challenges BlackRock’s ‘BUIDL’ with Euro-Denominated Tokenized Fund

By Coin Edition
2 days ago
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  • Amundi launched a tokenized share class of its Euro money market fund on the public Ethereum blockchain.
  • The “hybrid” model allows investors to switch between traditional custody and on-chain self-custody.
  • The move creates a regulated Euro-denominated collateral asset to rival BlackRock’s USD-based BUIDL.

Amundi, Europe’s largest asset manager with €2.2 trillion in AUM, has formally entered the on-chain finance race, launching the first tokenized share class of a Euro-denominated money market fund on the public Ethereum blockchain.

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