Key Takeaways
- • Amundi has successfully launched tokenised share classes for the Amundi Money Market Fund – Short Term, denominated in euro and US dollars, developed bespoke for Ant International under a Memorandum of Understanding signed last November.
- • Ant International is the pioneering customer, using the tokenised share classes for real-time intra-group liquidity management, with CACEIS acting as transfer agent and tokenisation agent.
- • The three parties are exploring listing the Amundi Money Market Fund – Short Term on Whale, Ant International's internal blockchain-based treasury platform, and onboarding further Amundi funds, subject to legal and regulatory approvals.
- • Amundi manages close to €2.4 trillion in assets, and CACEIS reports €5.9 trillion under custody and €3.7 trillion under administration as of 31 December 2025.
Summary
The share classes were developed specifically for Ant International following a Memorandum of Understanding signed last November, which committed the parties to explore blockchain innovations for real-time treasury management and tokenised investment solutions. Ant International is the pioneering client of the initiative and partnered with Amundi to build a real-time investment solution for its intra-group liquidity needs. CACEIS serves as transfer agent and tokenisation agent in the tripartite arrangement, which the companies say enhances the efficiency of Ant International's operations and its on-chain treasury capabilities.
Fannie Wurtz, Deputy General Manager, Head of Client Group and Chair of Asia at Amundi, said the collaboration brings together institutions committed to innovation in the digital asset space. Kelvin Li, General Manager of Platform Tech and Senior Vice President at Ant International, said the company has used blockchain for internal treasury management since 2019 and believes blockchain and AI can enable real-time solutions for global corporate treasurers. Jean-Jacques Barbéris, Deputy CEO of CACEIS, said the cooperation demonstrates the firm's capacity to embrace industry transformation toward tokenisation.
Building on the launch, the parties are exploring the potential listing of the Amundi Money Market Fund – Short Term on Whale, Ant International's internal blockchain-based treasury management platform. The collaboration aims to onboard Amundi funds onto Whale and co-develop money market fund solutions for treasurers worldwide, and the parties are also considering expansion to new markets and currencies. The release states that implementation remains subject to all required legal and regulatory approvals.
Amundi, a subsidiary of Crédit Agricole and listed on the stock exchange, manages close to €2.4 trillion in assets as of 31 March 2026 and ranks among the top 10 global asset managers per IPE's June 2025 survey. CACEIS, the asset servicing arm of Crédit Agricole, reports €5.9 trillion in assets under custody and €3.7 trillion under administration as of 31 December 2025.
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