Europe’s largest asset manager Amundi tokenizes equity index fund on Ethereum

The new share class offers blockchain-based exposure to an index tracking 600 companies across European markets. Amundi, Europe’s largest fund manager by assets, has launched a tokenized share class of its STOXX Europe 600 equity index fund on Ethereum, expanding its blockchain-based investment offerings beyond money market funds. The new share class was issued on Ethereum in collaboration with CACEIS, a European asset-servicing company that provided the tokenization infrastructure. The fund will continue to be available through traditional investment channels, Amundi said in a Thursday announcement.