Amundi Launches Tokenised Share Class for Flagship STOXX Europe 600 Index Fund

Amundi has launched a tokenised share class for its Amundi Core STOXX Europe 600 index fund, marking a significant expansion of its digital asset strategy into equity index investing. For fintech professionals, this move signals the migration of mainstream, broad-market investment vehicles onto public blockchain infrastructure, bridging the gap between traditional portfolio allocation and decentralised finance.

What was announced

Amundi is bringing one of its flagship European equity strategies to the public Ethereum blockchain. The new tokenised share class is based on the Amundi Core STOXX Europe 600, a fund frequently used by institutional investors as a core building block for European equity exposure. This launch represents a shift in Amundi’s digital strategy, moving beyond initial experiments in cash management and money market funds into the broader realm of index investing.

The solution was developed in collaboration with CACEIS, utilizing their technology and infrastructure to facilitate the tokenisation of fund units. Despite the digital format, the new share class remains fully integrated into the fund’s existing operating model. This means the fund continues to be accessible through traditional distribution channels alongside the new digital format, ensuring no disruption to existing investors.

This initiative follows Amundi’s previous digital milestones, which included the launch of a tokenised money market fund share class and enabling subscriptions via stablecoins. The firm has also been engaging in partnerships with digital players and financial institutions to test distributed ledger technology (DLT) applications. By moving into index funds, Amundi aims to leverage the benefits of blockchain, such as automated processes, faster settlement times, and increased transparency. The firm is adopting a phased approach to this development, operating within a regulatory and risk management framework to meet the evolving needs of institutional clients and digital platforms.

The companies involved

Amundi is a leading European asset manager and a major provider of Exchange Traded Funds (ETFs). The firm operates as a significant player in the global investment landscape, offering a wide range of products across various asset classes to both retail and institutional clients. Its digital asset strategy is focused on integrating emerging technologies into robust regulatory and risk management frameworks, aiming to connect traditional investment solutions with emerging digital market infrastructure.

CACEIS, which provided the technical infrastructure for this tokenisation project, is a prominent asset servicing group. It is a subsidiary of Credit Agricole S.A., one of Europe's largest banking groups. CACEIS provides a comprehensive range of services including custody, fund administration, and middle-office outsourcing. The collaboration between Amundi and CACEIS highlights the internal synergies within the broader European financial ecosystem, as traditional service providers evolve their tech stacks to support distributed ledger applications. Both companies are positioned as incumbents attempting to modernise the plumbing of the fund industry by adopting public blockchain standards while maintaining traditional operational standards. This partnership allows Amundi to leverage CACEIS’s existing infrastructure to bridge the gap between traditional and digital finance.

What FF News has reported before

FF News has previously tracked Amundi’s efforts to innovate within the ETF and fund management space. In August 2026, we reported on how LAIQON and Amundi Launch AI-Optimized Active ETF to Target Alpha at Low Cost, demonstrating the firm's interest in combining advanced technology with low-cost investment vehicles. Additionally, Amundi’s role as a provider for digital-first platforms was highlighted when Moneybox Slashes Fees with New Amundi-Powered Actively Managed Funds. These stories reflect a broader trend of Amundi partnering with fintechs and leveraging new technologies to refine their product delivery and reach a wider range of investors through modernised distribution channels.

What this means

The move to tokenise a core equity index fund on a public blockchain like Ethereum is a clear signal that the "sandbox" phase of fund tokenisation is ending. While previous efforts focused on low-volatility money market funds, applying this to a flagship equity product puts the industry's digital infrastructure to a more rigorous test. This places pressure on traditional transfer agents and custodians to accelerate their DLT capabilities or risk obsolescence. The central question for the sector now is whether the operational efficiencies of fast settlement and transparency can overcome the current regulatory hurdles and fragmented liquidity inherent in digital fund shares.