According to BNP Paribas Asset Management, a blockchain-based trial using a permissioned Ethereum model was conducted to tokenize shares of a France-registered money market fund under controlled regulatory conditions.
BNP Paribas Asset Management has completed a one-time internal pilot to issue tokenized shares of a France-registered money market fund. The trial was executed via its AssetFoundry platform using a permissioned Ethereum blockchain model. Conducted under a controlled regulatory framework, the experiment tested the feasibility of tokenization within money market fund operations, focusing on security and compliance in digital asset issuance.