The tokenized shares were issued under a permissioned access model, whereby holdings and transfers were restricted to eligible and authorized participants. The initiative follows BNP Paribas Asset Management’s earlier tokenized money market fund issuance in Luxembourg on a private blockchain.
“BNP Paribas’ AssetFoundry platform delivers key digital-assets capabilities, from tokenisation to network connectivity and wallet-related functionalities within a controlled setup. This initiative allows us to better understand the operational and governance implications of tokenisation for money market funds.”
