BNP Paribas Asset Management Launches Tokenised Money Market Fund Share Class on Ethereum

BNP Paribas Asset Management has issued a tokenised share class of a French-domiciled money market fund on the public Ethereum network, the company said. The tokenised shares use permissioned tokens, allowing only eligible participants to hold and transfer them, marking the firm's second money market tokenisation pilot following an earlier trial on a private blockchain in 2025. Edouard Legrand, chief digital and data officer at BNP Paribas Asset Management, said the issuance on public blockchain infrastructure aims to explore how tokenisation might enhance operational efficiency and security within a regulated framework.