BNP Paribas Explores Blockchain-Based Fund Infrastructure

BNP Paribas Asset Management has made significant strides in the realm of digital finance by launching a tokenized share class of its French money market fund on the Ethereum public blockchain.

This initiative marks the firm's second trial in blockchain-based fund infrastructure, demonstrating a clear commitment to exploring the potential benefits of this technology within regulated fund structures.

The new share class utilizes Ethereum while maintaining alignment with existing regulatory requirements. This move highlights growing interest in public infrastructure within a regulated framework.