Europe’s largest asset manager, Amundi, which manages some €2.2 trillion in assets and serves over 100 million clients worldwide, has just gone blockchain! And it has chosen Ethereum, the blockchain of the world’s second largest cryptocurrency by marketcap, ETH.
The Paris-based financial giant has just made history by launching the first tokenized money market fund in Europe on the blockchain. “This groundbreaking move bridges traditional finance with digital assets in a way never seen before in Europe,” reported industry media on the development. The new, tokenized fund is a digital version of Amundi’s existing €5 billion AMUNDI FUNDS CASH EUR money market fund, which invests in safe, short-term European government bonds and high-quality euro investments.
The Head of Institutional and Corporate Clients at Amundi explained the significance of this launch: “The tokenization of assets is a transformation set to accelerate in the coming years around the world. This first initiative demonstrates our expertise in covering concrete use cases.”
The great migration
This move comes as a slew of asset managers, banks, and other financial institutions including payment giants SWIFT, Visa, Mastercard and Western Union migrate to the blockchain, presenting one of the most pivotal shifts in finance in decades.
A number of major American asset managers have already entered the tokenized fund market; BlackRock’s tokenized money market fund holds $2.3 billion in assets, while Franklin Templeton’s fund manages over $826 million. However, Amundi’s launch marks the first major European entry into tokenized money market funds. And it comes as tokenized real-world assets experience explosive growth: The total value of tokenized assets reached $36.11 billion as of November 28, 2025, up from just $770 million at the end of 2023. Ethereum dominates this space, hosting about 64% of all tokenized asset value. When including Ethereum’s layer-2 networks, this share grows to over 72%. SWIFT, for example, has chosen an Ethereum Layer 2 Chain, Linea, for its cross-border payments pilot.
Front-running the revolution
Meanwhile, as Ethereum gains steam as the blockchain of choice for traditional finance moving on-chain, one US-based firm is front-running the revolution by accumulating as much ETH as possible. BitMine Immersion Technologies, the world’s largest Ethereum treasury company, has just boosted its ETH holdings by $44 million with its latest purchase last week. BitMine holds 3,629,701 ETH worth about $10.9 billion, which represents around 3% of total Ethereum’s total supply. The company aims to continue accumulating ETH until it holds 5% of the supply.
Bitmine’s chairman, Tom Lee, expects ETH to enter a supercycle as it capitalizes on a transformative shift of traditional financial markets moving onto the blockchain – and in particular onto Ethereum – a development described by BitMine as a pivotal moment in the modernization of the U.S. financial system.
And now with Amundi’s initiative, add Europe’s financial system to this pivot as well.