Global X is lining up Europe’s first ETF capturing stocks involved in the development and adoption of tokenisation technology, ETF Stream can reveal.
The Global X Stablecoin & Tokenisation UCITS ETF has been registered with the Central Bank of Ireland (CBI).
Last week the Mirae Asset-owned issuer launched a tokenisation ETF on the Toronto Stock Exchange tracking an in-house index, the Mirae Asset Stablecoins and Tokenisation index, capturing stablecoin issuers, tokenisation platforms, trading and distribution venues, and infrastructure providers for payment, settlement and custody.
Its top three holdings are digital banking platform Nu Holdings (9.3%), payment company Block Inc (8.5%) and fintech and payments company Fiserv (8.3%).
The basket features varying degrees of pure play exposure to tokenisation as an investable theme, with 20 of the 30 stocks classified as ‘disrupters’ and the remaining 10 as ‘adapters’.
The latter group of ‘adapters’ comprises large generalist banks such as JPMorgan Chase & Co, Goldman Sachs and Citigroup.
Fund selectors will assess where such a strategy differentiates from the currently well-developed range of blockchain and crypto value chain ETFs available in Europe.
While representing a smaller portion of the broader tokenisation story to-date, the recent uptick in ‘tokenised’ ETFs ？ digitally represented ETFs that live on a blockchain – reaching the hands of European investors via retail platforms signals the increasing momentum behind the stocks within this theme.
For example, investment platform Robinhood ？ which holds a 6.8% weighting in the basket ？ launched 200 ETF and stock tokens in August to enable extended trading hours via their respective blockchains.
Regulatory changes in the US have also been favouring the uptake of digital assets. The GENIUS Act ？ which passed in June 2025 – created the first federal framework for stablecoins, requiring full dollar-backed reserves and strict oversight to protect consumers.