Financeupdated 33m ago2 min read
Amundi Launches Tokenized Share Class Of Amundi Core STOXX Europe 600 On Ethereum With CACEIS
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Amundi launched a tokenized share class of the STOXX Europe 600 on Ethereum with CACEIS. Tokenization extends Amundi’s strategy beyond cash management to equity index funds.
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Amundi moves STOXX 600 on-chain
Amundi launched a tokenized share class of its Amundi Core STOXX Europe 600 index fund on the public Ethereum blockchain, extending tokenization beyond cash management solutions into index investing. Amundi said the new share class remains fully integrated into the fund’s existing operating model and the fund continues to be available through traditional channels.
“The new share was issued on the public Ethereum blockchain.”
Amundi described the strategy as “widely used as a fundamental element of portfolio allocation,” and it said the initiative aims to extend tokenization to index investing. Amundi said it launched the tokenized share in collaboration with CACEIS, relying on CACEIS’s “technology and infrastructure” to tokenize fund shares.
CACEIS partnership and prior steps
Amundi said the launch was led in collaboration with CACEIS and that the operation relies on “the technology and infrastructure developed by CACEIS to ensure the tokenization of fund shares.” Amundi said the move follows “the launch of a first class of tokenized shares of a money market fund” and “the opening of subscriptions to this fund using stablecoins.”
Amundi also pointed to “a series of partnerships with digital actors, large companies and financial institutions” to test “concrete applications” of distributed ledger technology. Amundi said it positions the approach as “progressive” and conducted “within a robust framework in terms of regulation, operation, and risk management.”
Settlement, access, and regulatory backdrop
Amundi said tokenized fund shares could “enhance operational efficiency through automation of certain processes, improve accessibility, speed up settlement, and increase transparency.” Amundi said the tokenized share class tracks the STOXX Europe 600 Index, which covers 600 large-, mid- and small-cap companies across developed European markets.
Amundi’s launch also arrived as European industry groups pressed regulators to accelerate reforms under the EU’s Distributed Ledger Technology Pilot Regime, after a coalition of 39 companies and industry groups warned the EU could fall behind the US in tokenized finance. Amundi said it plans to develop a broader range of tokenized funds for institutional clients and digital platforms as market infrastructure and regulatory frameworks evolve.