BNP Paribas in France issues a tokenized money market fund on Ethereum

CoinNetwork · 2026-02-24T13:34:02+00:00

BNP Paribas Asset Management has issued tokenized shares of a money market fund on a public blockchain, marking its progress in tokenization technology. The project uses a permissioned access model on Ethereum, compliant with financial regulations, while ensuring transparency and security. The pilot is based on experience in Luxembourg to evaluate the technology and operational model.

CoinNetwork

2026-02-24 13:34:02

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Bank of France Asset Management has issued tokenized shares of a French-registered money market fund on a public blockchain. Announced on February 20, this project marks an important step in the bank’s exploration of tokenization technology, transitioning from a private ledger to the Ethereum public network. The project uses a permissioned access model on Ethereum, allowing only pre-approved regulated participants to hold or transfer the tokenized shares, ensuring compliance with financial regulations while leveraging the transparency and security of the public blockchain. The pilot integrates multiple BNP Paribas business lines: the asset management company as the fund issuer, the securities services department as the transfer agent responsible for wallet infrastructure and private key custody, and the AssetFoundry platform of the corporate and investment banking division to handle the tokenization process and connect with Ethereum. This pilot builds on previous experience with tokenized money market funds issued on a private blockchain in Luxembourg, testing different models to evaluate the technology and operational framework. (Crowdfundinsider)

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