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Amundi Launches Tokenized Shares of STOXX Europe 600 Index Fund on Ethereum

Amundi has issued tokenized shares of its STOXX Europe 600 equity index fund on Ethereum, expanding its blockchain-based products beyond money market funds. The shares are issued in partnership with European asset servicer CACEIS, while the fund remains available through traditional channels. Amundi said it plans to develop more tokenized funds for institutional clients and digital platforms. Tokenized equities total $4.24 billion, up nearly 27% in 30 days, with the top ten products by value all tied to US companies or US-listed securities.

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AI take

A major European asset manager tokenizing a broad equity index fund on Ethereum signals that the tokenization push is moving beyond cash-like instruments into core portfolio building blocks. The involvement of CACEIS as servicer matters because it ties the product to established custody and fund administration rails rather than a crypto-native wrapper. The open question is whether tokenized equity exposure can diversify a market where the largest products are overwhelmingly tied to US names, and whether institutional demand follows the expanding pipeline Amundi has flagged.

Generated by AI for reference only.

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