Amundi tokenizes its STOXX Europe 600 index fund on Ethereum

What did Amundi launch on Ethereum?

Amundi, Europe's largest fund manager by assets, has launched a tokenized share class of its STOXX Europe 600 equity index fund on Ethereum. The share class was issued with CACEIS, a European asset-servicing company that provided the tokenization infrastructure. Amundi made the announcement on Thursday, November 5, 2026.

The tokenized units are a new share class, not a separate product. The fund will continue to be available through traditional investment channels, Amundi said.

The fund follows a broad index. The STOXX Europe 600 Index covers 600 large-, mid- and small-cap companies across developed European markets.

Why does this launch matter beyond money market funds?

Until now, Amundi's on-chain share classes were cash products. The launch follows the asset manager's first tokenized money market fund share class in November 2025, also developed with CACEIS on Ethereum. The new fund moves from cash into equity index investing.

Ledger Insights reports that CACEIS acts as transfer agent and tokenization agent, and calls it the first large European equity index fund to add a blockchain-based share class. We have not verified that claim independently.

Amundi said it plans to develop a broader range of tokenized funds for institutional clients and digital platforms. The stated reasons are accessibility, settlement speed and operational efficiency.

Does The Migration count this fund?

No. Our counts cover three asset types: tokenized U.S. Treasury funds, cash-backed dollar stablecoins and gold-backed tokens. An equity index share class does not fit any of them, and neither does a euro money market share class. Our rule is to count only addresses the issuer publishes or confirms in writing. Counts update every 6 hours. The full approach is in how we count.

That means Amundi's launch adds nothing to the figures below. It matters because it runs on the same chain that already carries most of the assets we track.

How much of the assets we count sits on Ethereum?

Ethereum is the largest chain for stablecoins and gold in our count. It ranks second for tokenized Treasuries, behind BNB Chain. The table shows each position as of November 5, 2026.

In Treasuries, Ethereum is the chain where Amundi's new share class was issued, and it sits next to funds from several large managers. As of November 5, 2026, BNB Chain holds $4.44 billion of tokenized Treasuries, or 36.0%. Several of the funds we count run on Ethereum, including BUIDL, WTGXX and USTB. The fund-level view is in our fund-by-fund count.

In stablecoins, Ethereum holds $132.37 billion and Tron holds $92.53 billion. In gold, Ethereum holds $4.92 billion and BNB Chain holds $79.9 million.

What is different about an equity fund on-chain?

Tokenized Treasury funds and stablecoins are cash-like. They hold short-dated government debt or cash reserves, and they are designed to hold a steady value. An equity index fund carries market risk and tracks 600 companies. It would need a different count, with its own rules on what to include and how to avoid double counting. We explain one such overlap in the Treasury double-count article.

Asset managers are also widening what they put on public chains. For a Treasury example from another large manager, see Franklin Templeton's tokenized funds.

What to watch

• Whether Amundi publishes the on-chain contract address and unit count for the new share class.
• Whether Amundi adds more tokenized funds, as it said it plans to for institutional clients and digital platforms.
• Whether other large managers add equity share classes on Ethereum.
• Whether Ethereum's 29.1% share of tokenized Treasuries changes against BNB Chain's 36.0% in our next updates.