BNP Paribas uses Ethereum for money market tokenisation pilot

Asset manager BNP Paribas Asset Management has become the latest TradFi giant to use Ethereum as part of a tokenisation push. The investment arm of Paris-based bank BNP Paribas said Friday that it had used the top crypto network to issue a tokenised share class of a French‑domiciled money market fund. “The tokenised fund shares were issued on the public Ethereum network with permissioned tokens ensuring that only eligible participants can hold and transfer the tokens, while benefiting from the strength ...