Europe’s Largest Asset Manager Amundi Tokenises Stock Index Fund on Ethereum

Holding a traditional stock market fund could one day work more like holding other digital assets. That is the direction Europe’s largest asset manager, Amundi, is exploring with its latest investment product. The Paris-based firm has introduced a new digital share class for its Amundi Core STOXX Europe 600 fund, using Ethereum to record ownership of fund units. The underlying investment remains the same: a fund following an index of 600 European businesses, ranging from smaller companies to some of the continent’s biggest names. Unlike buying cryptocurrencies, investors aren’t purchasing Ethereum or individual digital versions of those stocks.

Source: Crypto News Australia