After money market funds, Amundi tokenizes a share of index funds on Ethereum

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The new share is integrated into the operation of the existing fund, which remains accessible through traditional channels. The operation concerns fund shares: it does not consist of directly issuing shares of companies in the index on Ethereum.

According to the press release published by the Crédit Agricole group, the new share offers diversified exposure to European equity markets through Amundi Core STOXX Europe 600. Amundi, which managed nearly 2,600 billion euros as of September 30, is continuing its digital assets strategy. This amount represents all of the group's outstanding assets, and not the tokenized assets.

Tokenization here consists of representing fund shares in digital form on a blockchain. Investors therefore hold exposure to the fund's portfolio, rather than a set of individual stocks directly listed in their name on Ethereum.

CACEIS provides the tokenization technology and infrastructure. The new share complements the existing holding and distribution methods, without replacing the fund or its traditional circuits.

This initiative extends the launch of a first tokenized part of the Amundi Funds Cash EUR monetary fund, announced in November 2025 with CACEIS. This product already used Ethereum and a hybrid distribution model.

Amundi highlights several potential benefits: automation of certain processes, better accessibility, acceleration of settlement and increased transparency. The group particularly wishes to meet the needs of institutional clients and digital platforms.

However, Amundi's announcement does not quantify the amount placed in this new share. It also does not specify its detailed conditions of access or a guaranteed payment deadline. A transfer on blockchain therefore does not allow us to conclude that all subscriptions and redemptions of the fund are now carried out in a few minutes.

Likewise, the use of Ethereum, a public blockchain, does not mean that the share becomes freely transferable to any wallet or usable in all decentralized finance protocols. These possibilities also depend on the rules of the product and the operational devices chosen.

The interest in this announcement lies in the broadening of the scope: Amundi is now applying tokenization to an equity index strategy, beyond cash management. Its commercial deployment and the amounts actually subscribed constitute the next indicators of its adoption.

An editorial article. Le Journal du Coin, the first French-speaking news media on cryptocurrency, , and blockchain protocols.

Machine-translated from French