Amundi, the largest European asset manager, CACEIS, the European leader in asset servicing, and Ant International, a leading global digital payment, digitisation and financial technology company today announced milestones in their collaboration.
Amundi has successfully launched tokenised share classes for the Amundi Money Market Fund – Short Term. Denominated in euro and US dollars, these bespoke tokenised share classes were developed for Ant International following a Memorandum of Understanding signed last November, which committed Amundi and Ant International to exploring blockchain innovations for real-time treasury management and tokenised investment solutions.
As the pioneering customer of the initiative, Ant International partnered with Amundi to develop a real-time investment solution for its intra-group liquidity management needs. With CACEIS acting as the transfer agent and tokenization agent, this tripartite collaboration enhances the overall 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: “We are delighted to support Ant International in this pioneering project and to further advance the real-world applications of tokenisation in investment solutions. This collaboration brings together leading institutions committed to innovation and to seizing opportunities emerging in the digital asset space. It also reflects Amundi’s dedication to meeting the evolving needs of sophisticated clients and our ambition to shaping the future of finance.”
Kelvin Li, General Manager of Platform Tech and Senior Vice President at Ant International, said, “Our goal is to build a future of instant, borderless money movement. Having utilised blockchain for internal treasury management since 2019, we believe blockchain and AI can unlock real-time solutions for global corporate treasurers. We are glad to work with Amundi to co-develop secure, compliant investment products accessible 24/7 globally.”
Jean-Jacques Barbéris, Deputy CEO of CACEIS, commented: “CACEIS welcomes the cooperation with Ant International and Amundi to develop new investment solutions based on tokenisation and blockchain, demonstrating our capacity to fully embrace the transformation at work in the financial industry at worldwide level.”
Building on this success, the three parties are now exploring the potential launch of the Amundi Money Market Fund - Short Term on Whale, Ant International’s internal blockchain-based treasury management platform. By combining Amundi’s investment expertise, CACEIS’s expertise in digital assets and Ant International’s cutting-edge blockchain infrastructure, the collaboration aims to onboard Amundi funds onto the Whale platform and co-develop new money market funds solutions that can better serve treasurers worldwide. Amundi and Ant International are also exploring expanding the solution to new markets and currencies. The implementation of these advancements remains subject to receipt of all required legal and regulatory approvals.
