Amundi Launches Ethereum-Based Tokenized Shares for STOXX Europe 600 Fund

The new tokenized shares were launched in partnership with CACEIS, a European asset servicing firm that provided the necessary tokenization infrastructure. Despite the new blockchain-based option, Amundi confirmed that the fund will still be accessible through traditional investment channels.

The fund replicates the STOXX Europe 600 Index, encompassing 600 large, mid, and small-cap companies from developed European markets. Amundi revealed plans to develop a wider suite of tokenized funds aimed at institutional investors and digital platforms, emphasizing benefits such as enhanced accessibility, faster settlement times, and improved operational efficiency.

This launch builds on Amundi’s prior introduction, in November 2025, of its first tokenized money market fund share class, which was also created alongside CACEIS on the Ethereum platform.

Amundi’s initiative coincides with strong growth in the global market for tokenized equities, although the largest tokenized products continue to be heavily concentrated in assets tied to US companies.

According to data from RWA.xyz as of November 4, the total value of tokenized equities reached $4.24 billion, marking a 27% increase over the previous month. The platform’s ten highest-value tokenized equity products are all linked to US companies or securities listed in the United States, including firms like Securitize, SpaceX, Circle, and Alphabet.

At the same time, European financial institutions are urging regulators to speed up reforms. In April, a coalition of 39 firms and industry groups warned that the European Union risks lagging behind the US in the tokenized finance sector. They advocate for expanding the types of permitted assets, raising transaction volume limits, and removing time constraints on licenses within the EU’s Distributed Ledger Technology (DLT) Pilot Regime.

Tokenized equities market growth highlights the need for updated regulations to support competitive innovation across regions.

Amundi's blockchain expansion signifies a strategic step toward integrating traditional asset management with emerging digital finance solutions, potentially reshaping fund accessibility and operational models.

The growing dominance of US-linked assets in tokenized equities signals a challenge and an opportunity for European markets amid ongoing regulatory debates.