This post was originally published on this site.
In November, we launched our first tokenized share of one of our money market fund.
The initial subscription took place on November 4 and the fund is now distributed in a hybrid way: it remains accessible via standard distribution networks and, from now on, via the tokenized share.
Driven by growing customer demand for digital assets, this innovation opens the door to simple, immediate, 24/7 access to broad investment opportunities.
This project was completed in a record time of four months, based on three years of research on tokenization and close collaboration between the Legal, Compliance, Investments, Risk and Marketing teams in France, Italy and Luxembourg at Amundi, Crédit Agricole and CACEIS.
The technology and infrastructure for the tokenisation of unit-linked funds, the digital wallets for investors, as well as the digital order platform for subscriptions and redemptions are provided by CACEIS.
This first class of tokenized shares is just the beginning and we are gradually adding new features to our tokenization offering, based on specific business cases allowing the integration of external customers.