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.
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BNP Paribas explores public blockchain infrastructure for money market fund tokenization
“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.”
