This Friday, BNP Paribas Asset Management unveiled a pilot project to issue tokenized shares of a French-domiciled money market fund directly on the Ethereum network. Edouard Legrand, the firm’s Chief Digital and Data Officer, confirmed that this initiative utilizes its proprietary AssetFoundry platform to manage fund tokenization on Ethereum, operating under a permissioned access model to comply with current regulatory frameworks.
The entity’s action represents a major breakthrough in the institutional adoption of decentralized finance, allowing the bank to issue and transfer in real-time within a public infrastructure. By moving away from traditional batch-based processing systems, the firm seeks to validate how blockchain technology can minimize operational risks and increase transparency in the management of large-scale institutional assets.
The next step for the financial ecosystem will be to monitor the integration of these models with global communication networks such as Swift, where BNP Paribas is already conducting experiments. Investors should keep a close eye on the results of this intra-group trial, as it will lay the groundwork for future commercial issuances and the potential launch of a joint stablecoin among major global banking institutions.
Source:https://goo.su/i2F9Q2R
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