Amundi Launches Tokenized Shares of STOXX Europe 600 Index Fund on Ethereum

Odaily reports: Asset management company Amundi has launched tokenized shares of its STOXX Europe 600 equity index fund on Ethereum, expanding its blockchain-based investment products beyond money market funds. The shares are issued by Amundi in partnership with European asset servicing company CACEIS, and the fund remains available through traditional investment channels.

The fund tracks the STOXX Europe 600 index, covering 600 large, mid, and small-cap companies across developed European markets. Amundi stated that it plans to develop more tokenized funds for institutional clients and digital platforms.

RWA.xyz data shows that the total value of tokenized equities has reached $4.24 billion, growing nearly 27% over the past 30 days; the top ten tokenized equity products by value are all related to U.S. companies or securities listed in the United States. (Cointelegraph)