BNP Paribas advances tokenization strategy, verifies the complete on-chain asset issuance roadmap on Ethereum

As a representative of Europe’s financial center, France’s BNP Paribas Asset Management team recently successfully launched a tokenized version of a local money market fund on the Ethereum public blockchain through their self-developed AssetFoundryTM platform. This move not only demonstrates traditional financial institutions’ active exploration of blockchain technology but also validates the complete business chain from asset tokenization and on-chain transfer proxy to transaction circulation.

Permissioned Access Framework Ensures Compliance

The project adopts a “permissioned access model,” meaning only institutional investors who pass qualification reviews and authorization can participate in holding and trading these tokenized assets. This framework reflects respect for regulatory requirements in traditional finance, providing a compliant pathway for asset tokenization while ensuring financial security. By establishing strict access mechanisms, BNP Paribas can test the practical application potential of blockchain technology in a regulated environment.

Second Attempt to Validate End-to-End Process

This is BNP Paribas’s second issuance in the field of tokenized money market funds, indicating the institution’s continued deepening of this innovative direction. The issuance aims to comprehensively verify the entire process—from initial asset tokenization and intermediary transfer mechanisms to final interactions on the public blockchain—building a complete connection between traditional finance and the public chain ecosystem.

Strategic Significance: Connecting Traditional Finance and Blockchain Ecosystem

The significance of this project for Paris and the European financial market lies in providing a demonstration path for large financial institutions to enter the crypto asset space. By validating the tokenization model on a permissioned chain, BNP Paribas has outlined a development path for other traditional banks that complies with regulatory requirements and embraces blockchain technology. This exploration from internal testing to ecosystem integration marks a key step for traditional finance to move into the Web3 era.