The collaboration has witnessed Amundi successfully launching tokenised share classes for the Amundi Money Market Fund – Short Term. These share classes, available in both euro and US dollars, were specifically developed for Ant International. This development follows a Memorandum of Understanding signed last November, which committed Amundi and Ant International to explore blockchain innovations for real-time treasury management and tokenised investment solutions.

Ant International, as the pioneering customer, partnered with Amundi to create a real-time investment solution tailored to its intra-group liquidity management needs. CACEIS played a pivotal role in this collaboration, acting as both the transfer agent and tokenisation agent. This tripartite partnership is expected to significantly enhance 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, expressed her enthusiasm for the project. "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," she stated.

Kelvin Li, General Manager of Platform Tech and Senior Vice President at Ant International, highlighted the transformative potential of blockchain and AI in treasury management. "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," he said.

CACEIS, a key player in this collaboration, is keen on embracing the changes brought about by blockchain technology in the financial industry. 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."

Looking ahead, the three companies are exploring the potential launch of the Amundi Money Market Fund - Short Term on Whale, Ant International's internal blockchain-based treasury management platform. This initiative aims to combine Amundi's investment expertise, CACEIS's proficiency in digital assets, and Ant International's cutting-edge blockchain infrastructure. The goal is to onboard Amundi funds onto the Whale platform and co-develop new money market fund solutions that can better serve treasurers worldwide.

In addition to these developments, Amundi and Ant International are considering expanding the solution to new markets and currencies. The implementation of these advancements, however, remains subject to obtaining all necessary legal and regulatory approvals.

This collaboration underscores a growing trend in the financial sector, where traditional financial institutions are increasingly leveraging blockchain technology to enhance efficiency, transparency, and accessibility in financial operations. As these companies continue to innovate, the potential for blockchain to revolutionise the financial landscape becomes ever more apparent.