Amundi launches tokenized European equity fund on Ethereum

Amundi, one of Europe’s largest asset managers, has launched a tokenized share class of its Core STOXX Europe 600 equity index fund on the public Ethereum blockchain. Developed in collaboration with CACEIS, the initiative involves moving a conventional index product into the realm of tokenized fund units.

The tokenized class represents interests in the existing diversified European equity strategy rather than individual tokens for each of the 600 underlying constituent stocks. Amundi noted that the Ethereum-linked share class is integrated into its existing operating model, and the traditional distribution model remains available to investors.

While the move aims to provide potential benefits such as operational efficiency, improved transparency, and quicker settlement, specific details regarding investor eligibility, minimum subscriptions, fees, transfer restrictions, and redemption procedures have not yet been specified.