Europe’s largest asset manager Amundi debuts $100 million tokenized fund on Ethereum, Stellar
Amundi launched the $100 million Spiko Amundi Overnight Swap Fund on Ethereum and Stellar with Chainlink support.
Europe's largest asset manager Amundi has launched a $100 million tokenized fund on blockchain networks Ethereum and Stellar. The Spiko Amundi Overnight Swap Fund represents a significant entry into decentralized finance by the French investment giant, which manages over €2 trillion in assets globally. The fund deployment utilized Chainlink's infrastructure to support cross-chain functionality between the two blockchain platforms.
Amundi's move marks one of the largest tokenized fund launches by a traditional European asset manager to date. The company has been gradually expanding its digital asset offerings, following regulatory developments in Europe that have created clearer frameworks for institutional blockchain adoption. France has emerged as a particularly crypto-friendly jurisdiction within the European Union, with several major financial institutions exploring tokenization strategies.
The dual-chain deployment on both Ethereum and Stellar demonstrates institutional appetite for multi-blockchain strategies. Ethereum offers deep liquidity and established DeFi infrastructure, while Stellar provides faster transaction speeds and lower costs. This approach could signal a trend among traditional asset managers seeking to maximize accessibility while managing operational costs in tokenized fund offerings.
Market observers will be watching for additional tokenized products from Amundi and whether other European asset managers follow suit. The fund's performance and adoption rates could influence regulatory attitudes toward tokenized securities across the European Union, potentially accelerating institutional blockchain adoption.
Source: The Block
