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Cryptopolitan· Micah Abiodun·· 2 hours agoAI score51

Amundi launches STOXX Europe 600 fund share class on Ethereum

Amundi launches Ethereum-based share class for STOXX Europe 600 fund

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AI-assisted source summary · not independently verified. Content standards

Amundi has launched an Ethereum-based share class of the Core STOXX Europe 600 fund. Investors receive units in the existing fund, not blockchain-based shares of its 600 constituent companies. CACEIS provides the technology and infrastructure required to issue fund units on the public Ethereum blockchain, while the fund’s investments remain unchanged. The announcement did not specify settlement times, costs, whether trading is supported at any time, or whether an active secondary market exists.

Source:Cryptopolitan · cryptopolitan.com