Amundi Launches Tokenized STOXX Europe 600 Index Fund on Ethereum

Amundi, Europe’s largest asset manager, has created a tokenized share class of its STOXX Europe 600 index fund on the Ethereum blockchain, krypto-guru.de reported Thursday, citing Cointelegraph.

Tokenized means the fund shares are recorded as digital units on a blockchain. The new share class supplements the fund’s existing distribution channels; it does not replace them.

600 Companies, 17 Countries, One Fund

The fund tracks the STOXX Europe 600, which covers 600 stocks from 17 European countries and about 90% of the investable market, according to the index provider. Holdings span 11 sectors and include large, mid-sized and small companies.

The report did not disclose the new share class’s volume, minimum investment or target investor group.

CACEIS Supplies the Technology

European fund administration provider CACEIS is supplying the technology behind the tokenized shares, krypto-guru.de reported. The fund remains available through its previous distribution routes, so existing investors see no change.

Tokenized Stock Market Hits $4.24 Billion

According to data service RWA.xyz, the market for tokenized stocks stood at $4.24 billion on Nov. 4, about 27% higher than 30 days earlier. The ten largest products are all tied to US companies or US-listed securities.

Amundi’s Second Tokenized Fund

This is not Amundi’s first step of its kind. In November 2025, together with CACEIS, the firm launched a tokenized share class of its euro money market fund on Ethereum. Now an equity product follows, and Amundi says it wants to develop further tokenized funds for institutional clients and digital platforms.

Custody Risk Stays With the Fund

For investors, the token changes little about custody risk: they still hold a fund share and remain dependent on the fund company and its service providers. That distinguishes the share from a self-custodied bitcoin, which needs no counterparty.

Demand Remains Unproven

Amundi cites accessibility, faster settlement and more efficient processes as possible advantages, but those benefits have not yet been demonstrated for the new product, and an announcement is not demand. Whether institutional clients actually use the new share class remains open; volume figures will show whether Europe’s largest asset manager moves beyond an experiment.

Questions About the Ethereum Share Class

What exactly did Amundi launch? A tokenized share class of its STOXX Europe 600 index fund on the Ethereum blockchain, with technology from CACEIS, krypto-guru.de reported. The share class tracks 600 stocks across 17 European countries.

Does this replace the existing fund? No. The fund remains available through its previous distribution channels, and the tokenized class only adds to the offering.

How large is the tokenized stock market? RWA.xyz put it at $4.24 billion on Nov. 4, up about 27% in 30 days, with the ten largest products all linked to US companies or US-listed securities.

The launch comes as the tokenized-stock market — still dominated by US-linked products — grew 27% in a single month to $4.24 billion.