BNP Paribas tokenizes a money market fund on Ethereum

BNP Paribas has launched a tokenized share class of a French-domiciled money market fund on the public Ethereum blockchain. The pilot was executed through the bank’s AssetFoundry platform. BNP Paribas is the largest bank in Europe, with over $3 trillion in assets.

The tokenized shares use a permissioned access model: holdings and transfers are cryptographically restricted to a whitelist of authorized participants who meet stringent compliance standards. “The initiative was conducted as a one‑off, limited intra‑group experiment, enabling BNP Paribas to test new end‑to‑end processes, from issuance and transfer agency to tokenisation and public blockchain connectivity, within a controlled and regulated framework,” the bank explained.

This move follows a previous BNP Paribas pilot that used a private blockchain in Luxembourg, and signals a cautious institutional shift toward public networks to capture broader future interoperability.

France

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