The launch is part of the bank's ongoing efforts to explore how tokenisation can contribute to greater operational efficiency and security within a regulated framework.

BNP Paribas Asset Management (BNPP) has issued a tokenised share class of an existing French-domiciled money market fund, marking a new step in its exploration of fund tokenisation using the public blockchain. The initiative follows BNPP’s earlier tokenised money market fund issuance in Luxembourg on a private blockchain The project involved the use of the public Ethereum network via BNPP’s AssetFoundry platform. The tokenised shares were issued under a permissioned access model