Amundi Takes Europe’s 600-Company Index On-Chain, Because Paperwork Needed a Plot Twist

Amundi, Europe’s largest asset manager by assets, has launched a tokenized share class of its STOXX Europe 600 equity index fund on Ethereum, extending its blockchain-based investment offerings beyond money market funds. The share class was issued with CACEIS, a European asset-servicing company that provided the tokenization infrastructure, and remains available through traditional investment channels, Amundi said in a Thursday announcement.

The fund tracks the STOXX Europe 600 Index, which covers 600 large-, mid- and small-cap companies across developed European markets. Amundi said it plans to develop a broader range of tokenized funds for institutional clients and digital platforms, with potential improvements in accessibility, settlement speed and operational efficiency. The launch follows the introduction of Amundi’s first tokenized money market fund share class in November 2025, also developed with CACEIS on Ethereum.

The announcement comes as the tokenized equities market expands, with the 10 largest tokenized equity products by value all tied to US companies or US-listed securities, including Securitize, SpaceX, Circle and Alphabet. The value of tokenized stocks reached $4.24 billion as of Wednesday, Nov. 4, up nearly 27% over the past 30 days, according to RWA.xyz data.

European financial firms have called for faster regulatory reforms. In April, a coalition of 39 companies and industry groups warned that the EU risked falling behind the US in tokenized finance, calling for expanded asset eligibility, higher volume limits and the removal of time restrictions on licenses under the bloc’s Distributed Ledger Technology (DLT) Pilot Regime.