Amundi, Europe's largest fund manager by assets, has issued a tokenized share class of its STOXX Europe 600 equity fund on Ethereum. The launch extends its blockchain offerings beyond money market funds, while the largest tokenized equity products remain tied to US assets.
Amundi launched a tokenized share class of its STOXX Europe 600 equity index fund on Ethereum, expanding its blockchain-based investment offerings beyond money market funds. The firm is Europe's largest fund manager by assets.
CACEIS provides the infrastructure
The share class was issued on Ethereum in collaboration with CACEIS, a European asset-servicing company that provided the tokenization infrastructure. Amundi said in a Thursday announcement that the fund will continue to be available through traditional investment channels.
The fund tracks the STOXX Europe 600 Index, which covers 600 large-, mid- and small-cap companies across developed European markets. Amundi plans to develop a broader range of tokenized funds for institutional clients and digital platforms, citing potential improvements in accessibility, settlement speed and operational efficiency.
The launch follows Amundi's first tokenized money market fund share class in November 2025, which was also developed with CACEIS on Ethereum.
Tokenized stocks stay concentrated in US assets
Amundi's move comes amid growth in the global tokenized equities market, although the largest products remain concentrated in US-related assets. The value of tokenized stocks reached $4.24 billion as of Wednesday, Nov. 4, up nearly 27% over the past 30 days, according to RWA.xyz data.
However, the platform's 10 largest tokenized equity products by value were all tied to US companies or US-listed securities, including Securitize, SpaceX, Circle and Alphabet.
European financial firms, meanwhile, have pressed regulators to accelerate reforms. In April, a coalition of 39 companies and industry groups warned that the EU risked falling behind the US in tokenized finance. The group called for expanded asset eligibility, higher volume limits and the removal of time restrictions on licenses under the bloc's Distributed Ledger Technology (DLT) Pilot Regime.
Source: Cointelegraph
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