Crédit Agricole launches EURXT, its Euro-denominated stablecoin

Crédit Agricole S.A. announces the launch of its euro stablecoin, EURXT (EURO eXchange Token), „alongside the first subscription via EURXT into a tokenised Amundi money market fund – a European first. This transaction marks a significant milestone in the development of on-chain settlement solutions for institutional investors and corporates” – according to the press release.

„This launch forms part of Crédit Agricole S.A.’s ACT 2028 medium-term plan and its commitment to accelerating its development in tokenised finance. The stablecoin is initially being made available to institutional investor clients and corporate clients of CACEIS.” – the company said.

Issued on the Ethereum blockchain by CACEIS, a European leader in asset servicing, EURXT is an electronic money token pegged to the euro, based on the ERC-20 standard. Backed by fiat euro at a 1:1 parity, EURXT aims to provide a stable digital settlement instrument suited to the emerging use cases of tokenised finance. EURXT is an electronic money token compliant with the MiCA regulation.

„An initial issuance has been successfully carried out to settle a subscription to the Amundi Money Market Fund. This marks the first subscription to a tokenised Luxembourg-domiciled UCITS money market fund settled in euro stablecoin at the European level, illustrating the potential of tokenisation to enhance operational efficiency, reduce settlement times, and drive innovation in asset management.” – the company explained.

EURXT benefits from the strength of the Crédit Agricole Group and is secured by dedicated reserves, consisting exclusively of cash held on the balance sheet of CACEIS Bank.

Olivier Gavalda, Chief Executive Officer of Crédit Agricole S.A., commented: „The launch of our on-chain digital settlement currency aligns with our strategic plan and our ambition to support our clients in the progressive adoption of new settlement standards. With EURXT, we are placing at their disposal a stable, secure payment instrument that complies with the latest European regulatory requirements. In doing so, we are providing a trusted environment in which to explore new investment approaches, enhance efficiency, and prepare for the next generation of financial services.”

The amount and composition of the reserves held by CACEIS Bank, as well as the associated White Paper, can be viewed at any time on the website at the following address: https://stable-xt.io

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CACEIS is the asset servicing banking group of Crédit Agricole dedicated to asset managers and institutional investors. Through offices across Europe, North and South America and Asia, CACEIS offers a broad range of services covering execution, clearing, forex, securities lending, custody, depositary, fund administration, fund distribution support, middle-office outsourcing and issuer services. CACEIS is a consolidator in the European asset servicing market and posts sustained growth in its business activities. The group holds €5.9 trillion in assets under custody and €3.7 trillion in assets under administration (figures as of 31 December 2025).

Amundi, the leading European asset manager, ranking among the top 10 global players[1], offers over 200 million investors a complete range of savings and investment solutions in active and passive management, in listed and private assets. Developed for a range of distributors (banks, wealth managers, financial advisors…) as well as for institutional investors and corporates, this offering is enhanced by services and technology tools covering the entire savings value chain. A subsidiary of the Crédit Agricole group and listed on the stock exchange, Amundi currently manages close to €2.4 trillion of assets[2].

Its six international investment hubs[3], its financial and extra-financial research capabilities and its long-standing commitment to responsible investment make Amundi a leading player in the international asset management landscape.

Thanks to a strong local presence, particularly in Europe and Asia, Amundi’s clients benefit from the expertise and advice of 5,400 professionals across 34 countries.

[1] Source: IPE “Top 500 Asset Managers” published in June 2026, based on assets under management as at 31/12/2025
[2] Amundi data as at 31/03/2026
[3] Paris, London, Dublin, Milan, Tokyo and San Antonio (via our strategic partnership with Victory Capital)