Amundi Launches Tokenized STOXX Europe 600 Index Fund on Ethereum

Amundi has launched a tokenized share class of its flagship Amundi Core STOXX Europe 600 index fund on the public Ethereum blockchain, extending its digital asset strategy beyond money market funds into equities. Developed with CACEIS, the offering enables blockchain-based ownership of a fund tracking 600 European stocks while maintaining its existing operating and distribution infrastructure. Currently accessible to a single investor, the share class represents a significant step toward bringing traditional equity exposure on-chain. Amundi, which manages nearly €2.6 trillion in assets, indicated that additional tokenized index share classes could follow based on demand. However, despite Ethereum's 24/7 operation, the fund's existing dealing deadlines and settlement cycles remain unchanged, highlighting the operational limitations of blockchain-based fund investing.