Amundi Launches Tokenized €22.8B STOXX Europe 600 Fund on Ethereum
Europe's largest asset manager expands blockchain initiatives by bringing a major equity index onchain.
1Strategic Expansion to Ethereum
Amundi, Europe’s largest asset manager with €2.4 trillion under management, has launched a tokenized share class of its Core STOXX Europe 600 fund on the Ethereum blockchain. Developed in collaboration with CACEIS, this initiative marks a significant shift from previous cash-management products toward broader, long-term equity index exposure for institutional investors.
2Underlying Fund Structure
The tokenized share class tracks the STOXX Europe 600, an index comprising 600 large, mid, and small-cap companies across European markets. While the issuance occurs on a public blockchain, the underlying portfolio remains unchanged. Amundi emphasizes that the fund operates within its existing framework, ensuring investors maintain access through conventional investment channels.
3Scale of Asset Tokenization
The underlying index fund holds approximately €22.8 billion in assets, making this one of the largest equity-index tokenization efforts in Europe to date. By utilizing Ethereum as the infrastructure for issuance and settlement, Amundi aims to leverage blockchain technology to enhance operational efficiency, increase transparency, and potentially accelerate transaction settlement speeds.
4Evolution of Digital Strategy
This launch follows Amundi’s inaugural tokenized money market fund share class, which was also issued on Ethereum in November 2025. The firm has since engaged in various digital-asset initiatives, including blockchain-based treasury projects. This latest move represents a deliberate effort to extend tokenization beyond short-term cash management into complex equity strategies.
5Institutional Market Context
Global tokenized stock values reached €4.24 billion as of November 4, 2026, showing 27% growth over 30 days. Currently, the largest tokenized equity products remain heavily concentrated in US-related assets, such as those from Securitize or Circle. Amundi’s entry signals a push to establish a stronger European footprint in this competitive sector.
6Regulatory and Industry Pressure
European firms are actively lobbying regulators to accelerate reforms within the bloc’s Distributed Ledger Technology Pilot Regime. In April, a coalition of 39 industry groups warned that Europe risks falling behind the US. They specifically requested expanded asset eligibility, higher volume limits, and the removal of time restrictions on digital asset licenses.
7Operational and Future Goals
Amundi intends to develop a broader range of tokenized funds for institutional clients and digital platforms. The firm views blockchain as a foundational technology for future distribution rather than a replacement for traditional fund structures. By integrating onchain platforms, they aim to create more automated and accessible solutions for their diverse client base.
8Impact on Blockchain Finance
Bringing a multibillion-euro equity strategy onto Ethereum provides a critical institutional use case beyond stablecoins and money market funds. As Amundi continues to integrate blockchain into its traditional business model, the project serves as a test for the viability of public chains in managing long-term, diversified European equity investments at scale.
Original article: CryptoNinjas — Amundi Launches Tokenized €22.8B STOXX Europe 600 Fund on Ethereum