Ant Intl manages corporate treasury using Amundi tokenized MMF on Ethereum

Ant International, the owner of Alipay+ and other money management solutions, has been using blockchain for years for internal treasury management, using its internal Ant Whale platform to enable internal cross border transfers 24/7. It was amongst the first users of many tokenized deposit solutions provided by systemically important banks, including signing a deal to use Credit Agricole CIB’s so|cash solution in November 2025. But once the money has arrived at its destination, Ant also wants to maximize its return using tokenized money market funds (MMFs). Now it has started using specially issued digital share classes of the Amundi Money Market Fund – Short Term, where the EUR and USD tokens are issued on the Ethereum public blockchain.

Amundi is Europe’s largest asset manager with €2.4 trillion ($2.8 trn) in assets under management. The arrangement is a Credit Agricole affair, given it owns 68.3% of Amundi, and its securities services arm CACEIS acts as the fund’s transfer agent and tokenization agent, enabling the minting and burning of digital shares. When it comes to tokenized MMFs, CACEIS has more experience than most, because it has been partner to Spiko since its launch. The French startup is currently the leading European tokenized MMF issuer with €1.6 billion in assets on platform.

“Our goal is to build a future of instant, borderless money movement,” said Kelvin Li, General Manager of Platform Tech and SVP at Ant International. “Having utilised blockchain for internal treasury management since 2019, we believe blockchain and AI can unlock real-time solutions for global corporate treasurers.” While Ant International always refers to its Whale treasury management platform as an internal solution, Li’s comment points to potential wider applications in the future.

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