BNP Paribas taps Ethereum for new money market fund tokenization pilot

• The tokenized shares were issued by the BNP Paribas’ AssetFoundryTM platform using a “permissioned access model on Ethereum.”

Article Summaries:

• BNP Paribas has launched a pilot to tokenize shares of a money‑market fund using its AssetFoundry™ platform on the Ethereum blockchain. The pilot employs a permissioned access model, meaning only authorized participants can issue or trade the tokenized shares. By leveraging Ethereum’s smart‑contract capabilities, the bank aims to streamline fund distribution, enhance liquidity, and reduce settlement times. The initiative reflects a broader trend among asset managers to use blockchain for securitization and tokenization of traditional financial products. The pilot will test regulatory compliance, operational efficiency, and market uptake before a wider rollout.

Sources:

• https://www.theblock.co/post/390686/bnp-paribas-taps-ethereum-new-money-market-fund-tokenization-pilot?utm_source=rss&utm_medium=rss