Amundi adds tokenized share class to €22.8bn European equity index fund
Amundi has expanded its tokenization strategy by launching a blockchain-based share class for its Core STOXX Europe 600 index fund, which manages €22.8 billion in assets. This development marks the first instance of a major European equity index fund offering a tokenized share class on the public Ethereum blockchain. CACEIS serves as both the transfer and tokenization agent for the initiative, signaling a shift from Amundi's previous focus on cash-based products. The firm previously introduced tokenized share classes for its Cash EUR money market fund and collaborated with Ant International to facilitate real-time liquidity management. Additionally, Amundi acts as the delegated investment manager for the Spiko Amundi Overnight Swap Fund, which has successfully attracted approximately $2.5 billion in capital. By integrating traditional equity index funds with blockchain infrastructure, Amundi is bridging the gap between institutional-grade investment vehicles and decentralized ledger technology. This move underscores the growing institutional appetite for tokenized fund distribution and the potential for increased operational efficiency in European asset management.