Amundi, Europe's largest asset manager, has launched a tokenized share class of its STOXX Europe 600 equity index fund on the Ethereum blockchain, extending its digital asset strategy beyond money market funds and into traditional equity investments.

The new share class was issued in collaboration with CACEIS, a European asset-servicing company that provided the tokenization infrastructure. The fund will remain available through conventional investment channels alongside its on-chain offering, meaning investors can hold the same fund exposure through traditional distribution or through blockchain-recorded share ownership.

The STOXX Europe 600 tracks 600 large-, mid- and small-cap companies across developed European markets.

Amundi said it plans to expand its range of tokenized funds for institutional investors and digital platforms, citing potential improvements in accessibility, settlement speed and operational efficiency.

The launch builds on Amundi's first tokenized money market fund share class, introduced in November 2025, which also used Ethereum infrastructure developed with CACEIS.

The move comes as the tokenized equities market expands, although US-linked assets continue to dominate. Tokenized stocks reached $4.24 billion in value as of November 4, 2026, up nearly 27% over 30 days, according to RWA.xyz. All 10 of the platform's largest tokenized equity products were linked to U.S. companies or U.S.-listed securities, a concentration that currently leaves European products outside the market's leading ranks.

Amundi's entry into tokenized European equities adds another major traditional asset manager to the growing effort to bring conventional financial products onto blockchain infrastructure, placing the region's largest asset manager inside a segment where U.S.-linked products currently lead.

European financial institutions have also been pressing regulators to accelerate tokenization reforms. In April 2026, a coalition of 39 companies and industry groups warned that the European Union risked falling behind the United States, calling for broader asset eligibility, higher transaction limits and fewer licensing restrictions under the bloc's Distributed Ledger Technology Pilot Regime — the EU framework that allows authorized firms to trial blockchain-based trading and settlement of financial instruments within set limits. Amundi's stated expansion plans and any regulatory movement on the coalition's requests are the near-term markers to watch as Europe's tokenized fund market takes shape.