Amundi, Europe's largest asset manager, has launched a $100 million tokenized fund on Ethereum and Stellar blockchains, marking a significant institutional entry into on-chain asset management. The fund tokenizes traditional assets, enabling direct blockchain settlement and fractional ownership for institutional and qualified investors.
The dual-blockchain deployment reflects Amundi's strategy to leverage both established infrastructure and alternative networks. Ethereum provides access to the largest decentralized finance ecosystem, while Stellar's lower transaction costs and regulatory-friendly design appeal to institutional participants seeking efficiency in cross-border settlement. The move positions Amundi ahead of competing European asset managers in the tokenization race.
The initiative underscores growing institutional adoption of blockchain infrastructure for fund management. Rather than experimental pilots, major asset managers now deploy production-scale tokenized products, signaling that on-chain assets are transitioning from niche infrastructure to mainstream capital deployment mechanisms. This development could accelerate regulatory clarity around tokenized securities across European jurisdictions.