Amundi launches tokenised equity index fund on Ethereum
The move by Europe's largest asset manager follows similar tokenisation efforts by Schroders and marks a shift toward putting traditional equity products on public blockchains.
Key takeaways
- 1Amundi is the largest asset manager in Europe.
- 2The new fund is an equity index product tokenised on the Ethereum blockchain.
- 3The launch follows Schroders' bond fund debut on Solana on 4 November.
Amundi, the largest asset manager in Europe, launched a tokenised equity index fund on the Ethereum blockchain on 5 November. The firm is the latest major financial institution to bring traditional market products to public ledgers. Watcher Guru reported the launch, which places an equity-based investment product directly on the second-largest blockchain by market value.
The fund tracks an equity index and exists as a digital token on the Ethereum network. This structure allows for faster settlement and more transparent record-keeping compared to traditional fund administration. By using a public blockchain, Amundi gains access to a network with a market value of $274.8bn, though the token is intended for institutional investors seeking regulated exposure to stock markets.
The launch follows a series of institutional moves into tokenised finance reported by YourKhabri. On 4 November, Schroders launched an emerging market bond fund on the Solana blockchain. Chainlink also introduced a 24/7 pricing feed service on 29 October to support tokenised assets when traditional exchanges are closed. Ethereum was trading at $2,248.6 at the time of the Amundi announcement, a 7.2 percent fall over 24 hours.
The move suggests that large asset managers are increasingly comfortable with public blockchains for core investment products. Traders will watch for similar launches from other European firms as regulatory frameworks provide more clarity for digital assets. The success of this fund could lead to more equity-based products moving on-chain, potentially increasing the demand for Ethereum as a settlement layer for traditional finance.
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