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BNP Paribas Launches Tokenized Funds Again, Ethereum Becomes a Testing Ground for Traditional Finance

BNP Paribas Asset Management recently announced the successful issuance of a tokenized share of a French domestic money market fund on the Ethereum blockchain through its AssetFoundry platform. This marks the bank’s second attempt at such a project, aiming to test the full end-to-end process from issuance and transfer agency to tokenization and connection to public blockchains.

The issuance used a “permissioned access model,” meaning only verified qualified investors can hold and transfer the tokenized assets. This design leverages the transparency and programmability of public blockchains while meeting strict regulatory compliance requirements of traditional finance, providing a feasible example for institutional asset onboarding.

As one of Europe’s leading banks, BNP Paribas’ exploration of blockchain is not new. Last year, the bank issued a tokenized fund, and this time choosing the Ethereum network further highlights Ethereum’s maturity in institutional applications. By tokenizing traditional money market funds, the asset management industry could achieve more efficient transaction settlement, more transparent asset tracking, and potential fractional ownership.

This move also reflects the global financial industry’s strong interest in RWA (Real-World Asset) tokenization. From bonds to funds, traditional assets are accelerating their integration with blockchain. For Ethereum, the influx of institutional capital not only validates its technological capabilities but could also foster a new on-chain financial ecosystem.

Of course, compliance and security remain the top priorities. BNP Paribas’ permissioned model provides a reference for other financial institutions: how to build compliant access mechanisms on public blockchains. As more such experiments are implemented, the boundaries between traditional finance and decentralized technology will become increasingly blurred, ushering in a new era of more efficient and transparent asset management.