The global three-way collaboration between European asset manager, Amundi, asset servicing specialist, CACEIS, and fintech company, Ant International, has marked the successful launch of its inaugural blockchain-leveraging tokenised investment solution.
The launch of bespoke tokenised share classes for the Amundi Money Market Fund – Short Term follows in the wake of a memorandum of understanding (MoU) finalised late last year between the asset manager and Ant International, which kickstarted the development of a “real-time investment solution for [the fintech firm’s] intra-group liquidity management needs”.
A statement from Amundi confirmed CACEIS was brought on as the transfer and tokenisation agent to facilitate the launch, with the solution designed to improve Ant International’s on-chain treasury management capabilities.
“We are delighted to support Ant International in this pioneering project and to further advance the real-world applications of tokenisation in investment solutions,” Fannie Wurtz, Deputy General Manager, Head of Client Group and Chair of Asia at Amundi, said.
“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.”
In a significant advancement of the group’s collaboration, it also signalled it is looking to potentially launch the Amundi Money Market Fund – Short Term on Whale, Ant International’s internal blockchain-based treasury management platform, blending Amundi’s investment capabilities, CACEIS’s digital assets expertise and Ant International’s blockchain framework.
“Our goal is to build a future of instant, borderless money movement,” Kelvin Li, General Manager of Platform Tech and Senior Vice President at Ant International, said.
“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.”
“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,” Jean-Jacques Barbéris, Deputy CEO of CACEIS, said.
