Amundi launches Ethereum-based share class for STOXX Europe 600 fund

Amundi, Europe’s largest asset manager, brought its tokenization push into European equities on November 5. It launched an Ethereum-based share class of its Core STOXX Europe 600 fund. Investors receive units in the existing fund, not blockchain-issued shares of its 600 underlying companies, according to Amundi’s announcement . What CACEIS changes, and what it doesn’t Amundi worked with CACEIS, its asset-servicing partner, to launch the STOXX Europe 600 fund’s tokenized share class. CACEIS provides the technology and infrastructure used to issue fund units on public Ethereum. Amundi continues to operate the fund as before. Investors can still access the fund through traditional channels, while its underlying investments remain unchanged. According to Amundi, tokenization can simplify certain processes of the fund, enhance settlement speed, and increase distribution by using blockchain technology.

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