BNP Paribas Launches Ethereum Money Market Fund Tokenization Pilot Project

ETH3,68%

ChainCatcher message: BNP Paribas Asset Management recently announced the issuance of tokenized shares of a French domestic money market fund on the Ethereum blockchain through its AssetFoundryTM platform.

The project adopts a permissioned access model to ensure that only qualified and authorized participants can hold and transfer the assets, in compliance with relevant regulations. This is BNP Paribas’s second issuance of a tokenized money market fund, aimed at testing the complete end-to-end process from issuance and transfer agency to tokenization and connection to public blockchains.

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