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

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Amundi has launched tokenized shares for its STOXX Europe 600 index fund on the Ethereum blockchain, marking a step beyond money market funds. The Ethereum news comes as the firm partners with CACEIS to issue shares that track 600 European companies. The fund is available through both traditional channels and digital platforms. Amundi plans to expand its tokenized offerings for institutional clients. On-chain developments highlight the growing use of blockchain in asset management.

Odaily Planet Daily report: Asset management firm Amundi has launched tokenized shares of its STOXX Europe 600 equity index fund on Ethereum, expanding its blockchain-based investment products beyond money market funds. The shares are issued by Amundi in collaboration with European asset services company CACEIS, and the fund remains available for purchase through traditional investment channels.

The fund tracks the STOXX Europe 600 Index, covering 600 large, mid, and small-cap companies across developed European markets. Amundi stated that it plans to develop additional tokenized funds for institutional clients and digital platforms.

RWA.xyz data shows that the total value of tokenized stocks has reached $4.24 billion, growing nearly 27% over the past 30 days; the top ten tokenized stock products by value are all linked to U.S. companies or securities listed in the United States. (Cointelegraph)

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