Europe's largest asset management company Amundi has launched its first tokenized fund, completing its first transaction on Ethereum.

[Bitu] European asset management giant Amundi recently made a big move - they have tokenized their euro money market fund. This is their first attempt at this kind of play.

Now this fund has two forms: those who want the traditional version can continue to use the traditional one, and those who want to experience the on-chain version can go directly to Ethereum. On November 4th, the first transaction has already been successfully completed on the ETH network.

This matter is done in collaboration with the European asset service provider CACEIS. They are responsible for providing a complete set of tokenization infrastructure—from investor wallets to a digital order system for subscription and redemption, a one-stop service.

What are the benefits of moving funds on-chain? Orders are processed faster, more investors can be reached, and most importantly, trading can happen 24/7 without having to stick to trading hours. The combination of traditional finance and blockchain is just beginning.