BNP Paribas Dives Into Crypto Rails: $680B Asset Manager Tokenizes Money Market Funds
BNP Paribas Asset Management tokenizes money market fund shares to test cross-border blockchain transactions—ushering in a new era for traditional finance.
Traditional finance just took another step into crypto. BNP Paribas Asset Management, overseeing $680 billion, has officially launched tokenized shares of its money market funds—a bold move aimed at testing cross-border transactions using distributed ledger technology (DLT).
Why this matters:
Tokenizing traditional assets like money market funds could revolutionize how capital moves globally. By shifting these assets onto blockchain rails, BNP Paribas can enable real-time settlements, reduce intermediary costs, and boost transparency in fund operations. This experiment also sets the stage for broader institutional use of tokenized finance.
This comes amid growing interest from global banks in DLT and tokenization, with BlackRock and JPMorgan exploring similar paths. BNP’s initiative could pave the way for regulated, blockchain-based fund distribution on a global scale.
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