Amundi, CACEIS, and Ant International have come up with blockchain treasury solutions via a partnership that revolves around tokenised investments. The initiative highlights innovation in digital finance and real-time liquidity management.
Amundi has introduced tokenised share classes for Money Market Fund – Short Term. The funds in euros and US dollars offer distributed ledger-based treasury solutions for Ant International. This came after a memorandum was signed earlier last year for blockchain-powered financial services.
Expanding Blockchain Capabilities in Treasury Management
In addition, Ant International works as the first customer of the above-mentioned initiative. It partnered with Amundi to build real-time investment capabilities. At the same time, CACEIS helps in the cooperation as a transfer agent and tokenisation facilitator.
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.”
As a result, the partnership improves operational efficiency and enhances on-chain treasury functions. Moreover, both organizations have ambitions to scale their blockchain treasury offerings on a global level. As for the future, the next steps may include an exploration of opportunities for launching the fund on Ant International’s Whale platform. Additionally, they will assess expansion into new markets and currencies, subject to regulatory approvals.
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News Source: Businesswire.com
