Amundi tokenizes a share class of its Core STOXX Europe 600 fund on Ethereum

Tokenization is leaving the cash corner. Amundi, Europe's largest asset manager, announced on Nov. 5, 2026 the launch of a tokenized share class of its flagship European equity index fund Amundi Core STOXX Europe 600, issued on the public Ethereum blockchain, according to Crédit Agricole's press room.

What launched

The new share class stays fully integrated into the fund's existing operating model and remains available through traditional channels. The initiative was run with CACEIS, which supplied the technology and infrastructure for tokenizing fund shares, Amundi said.

Ledger Insights reported that the Core STOXX Europe 600 sub-fund — the strategy behind one of Europe's most widely held equity ETFs — holds about €22.8 billion in assets under management, and described the move as the first large European equity index fund to add a blockchain-based share class.

Amundi framed the launch as extending tokenization "beyond cash-management solutions to index investing." The firm said it previously launched a tokenized share class of a money market fund, opened subscriptions to that fund via stablecoins, and signed partnerships to test distributed-ledger applications with digital players, large companies and financial institutions.

Why Amundi says it matters

Amundi said tokenized fund shares should open new avenues for digital distribution and cross-asset applications as market infrastructure and regulation evolve, citing potential gains in operational efficiency through automation, accessibility, faster settlement and transparency. As of Sept. 30, 2026, Amundi managed nearly €2,600 billion in assets, the press release states.

Cointelegraph noted that the global tokenized equities market stood at about $4.24 billion as of Nov. 4, 2026, up nearly 27% over 30 days per RWA.xyz, with the largest products still concentrated in U.S.-related assets.