Key Takeaways:

Amund partnered with Spiko to launch a tokenized version of €5 billion Money Market Fund (MMF).
The project will use the Ethereum blockchain to allow for 24/7 trading compared to banking systems.
Chainlink will provide the infrastructure, it will include CCIP for security and Price Feeds for data.

An Important Update for European Asset Management
Amundi entered the world of blockchain. They launched the first tokenized Money Market Fund (MMF). This project is based on the Amundi Funds Cash EUR, a fund will be valued at more than €5 billion. 
The Power of Ethereum and 24/7 Trading
The fund Amundi Funds Cash EUR J28 EUR DLT (C) exists, This design will allow investors to enjoy the benefits of blockchain technology without leaving an environment. One of the most advantages is the ability to trade every day. This tokenized fund will offer faster intraday processing when the systems are limited by hours and holidays. The platform plans to support settlements using stablecoins, which will adjust the speed of transactions around the world.
The Backbone of Digital Infrastructure Is Chainlink
To make this system work well, the partners rely on Chainlink. The project will use Chainlink’s Cross-Chain Interoperability Protocol (CCIP) to ensure that assets can be transferred across blockchains. This technology is helping Spiko manage more than $380 million in tokenized assets,including Euro and US Treasury bills. Chainlink will provide Price Feeds and Data Streams. These tools will make sure that the fund’s pricing is accurate, allowing for settlement and it will reduce the costs that are associated with fund management.

Regulatory Compliance in the EU
The project is built to comply with the European Union’s DLT Pilot Regime, it is a new set of rules that are designed to help companies with blockchain technology. It will provide the best solution and investors will get the security from Amundi.
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