Key Takeaways
- • CACEIS, a MiCA-authorized entity, provides digital custody infrastructure and safekeeping services for Amundi's Bitcoin ETP, which launched in early 2026 and is listed on Euronext Paris with approval from the French Financial Markets Authority (AMF).
- • The Amundi Bitcoin ETP is fully backed by bitcoin held in digital wallets provided by CACEIS, enabling European institutional and retail investors to gain transparent cryptocurrency exposure through a regulated exchange-traded product without operational constraints of direct crypto holding.
- • CACEIS has expanded its digital asset servicing capabilities across the European Union through MiCA authorization and passporting rights, positioning itself as a key infrastructure provider for tokenized funds and digital asset custody across multiple product types.
- • The partnership between Amundi and CACEIS demonstrates the maturation of blockchain-based fund distribution and asset tokenization in Europe, with CACEIS providing end-to-end services including issuance, administration, custody, and connectivity for digital assets.
- • Amundi's broader digital asset strategy extends beyond the Bitcoin ETP to tokenized fund offerings, including the November 2025 launch of its first tokenized money market fund (AMUNDI FUNDS CASH EUR - J28 EUR DLT) utilizing Ethereum blockchain infrastructure.
Summary
Amundi, Europe's leading asset manager, has launched the Amundi Bitcoin ETP with CACEIS serving as the authorized custodian and digital wallet provider. The product, approved by the French Financial Markets Authority (AMF) with approval number 26-075 dated April 7, 2026, represents the first ETP issuance under an AMF-approved programme and is listed on Euronext Paris. The Bitcoin ETP is physically backed—meaning bitcoins are held in digital wallets managed by CACEIS—and provides investors with transparent exposure to bitcoin's performance while addressing operational and regulatory constraints associated with direct cryptocurrency ownership.
CACEIS holds MiCA authorization and benefits from European passporting rights, enabling it to provide crypto-asset custody and servicing across all EU member states. The custodian ensures compliance with European regulatory requirements governing governance, security controls, and asset segregation. According to Benoit Sorel, Head of ETF & Index business line at Amundi, the Bitcoin ETP addresses investor demand for "a transparent and efficient solution that allows them to incorporate exposure to bitcoin into their investment portfolios." Initial access is available to professional and retail investors in France through securities accounts, with gradual expansion planned across Europe.
CACEIS's role extends beyond custody into broader digital asset infrastructure. The firm has developed a comprehensive digital asset servicing architecture supporting the full lifecycle of tokenized products—from issuance and administration through custody and connectivity. This capability was demonstrated through Amundi's November 2025 launch of its first tokenized money market fund, the AMUNDI FUNDS CASH EUR - J28 EUR DLT (C), which utilizes distributed ledger technology on the Ethereum blockchain. CACEIS provided the technology platform, digital portfolio management, and blockchain-based order execution infrastructure for that initiative.
Jean-Pierre Michalowski, Chief Executive Officer at CACEIS, highlighted the firm's hybrid transfer agent service, which enables clients to access "a new distribution channel via blockchain to their investors" with expedited setup. The partnership reflects broader industry evolution toward tokenized asset infrastructure and the increasing role of established custodians in bridging traditional asset servicing with digital-native distribution models. The Amundi Bitcoin ETP programme is structured under Luxembourg securitization law with Digital Assets S.à r.l. serving as the issuer, anchoring the product within the established European regulatory framework for exchange-traded securities.
CACEIS holds MiCA authorization and benefits from European passporting rights, enabling it to provide crypto-asset custody and servicing across all EU member states. The custodian ensures compliance with European regulatory requirements governing governance, security controls, and asset segregation. According to Benoit Sorel, Head of ETF & Index business line at Amundi, the Bitcoin ETP addresses investor demand for "a transparent and efficient solution that allows them to incorporate exposure to bitcoin into their investment portfolios." Initial access is available to professional and retail investors in France through securities accounts, with gradual expansion planned across Europe.
CACEIS's role extends beyond custody into broader digital asset infrastructure. The firm has developed a comprehensive digital asset servicing architecture supporting the full lifecycle of tokenized products—from issuance and administration through custody and connectivity. This capability was demonstrated through Amundi's November 2025 launch of its first tokenized money market fund, the AMUNDI FUNDS CASH EUR - J28 EUR DLT (C), which utilizes distributed ledger technology on the Ethereum blockchain. CACEIS provided the technology platform, digital portfolio management, and blockchain-based order execution infrastructure for that initiative.
Jean-Pierre Michalowski, Chief Executive Officer at CACEIS, highlighted the firm's hybrid transfer agent service, which enables clients to access "a new distribution channel via blockchain to their investors" with expedited setup. The partnership reflects broader industry evolution toward tokenized asset infrastructure and the increasing role of established custodians in bridging traditional asset servicing with digital-native distribution models. The Amundi Bitcoin ETP programme is structured under Luxembourg securitization law with Digital Assets S.à r.l. serving as the issuer, anchoring the product within the established European regulatory framework for exchange-traded securities.
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