BNPP AM Launches Natively Tokenized Money Market Fund - Markets Media

BNPP AM Launches Natively Tokenized Money Market Fund - Markets Media

BNP Paribas Asset Management (‘BNPP AM’) announced the launch of natively tokenised Money Market fund shares, testing cross-border transactions based on Distributed Ledger Technology (“DLT”), in collaboration with Allfunds Blockchain as tech provider and BNP Paribas’ Securities Services business as transfer agent and dealing services provider. This innovative initiative follows the 2024 Eurosystem wholesale CBDC1 experimentations and marks anoth…

The manager enters the race for the digitization of the shares of money funds, with a first operation carried out internally. A phenomenon largely begun across the Atlantic.

BNP Paribas AM issues natively tokenized MM fund shares on Allfunds - Ledger Insights - blockchain for enterprise

BNP Paribas Asset Management (BNPP AM) has issued a natively digital share class of a money market fund (MMF) on the Allfunds blockchain. The vast majority of tokenized funds are based on existing funds and tend to tokenize current share classes rather than creating a new natively digital share class. The new shares were then […] The post BNP Paribas AM issues natively tokenized MM fund shares on Allfunds appeared first on Ledger Insights - bloc…

BNP Paribas AM launches tokenised MMF shares

BNP Paribas Asset Management has launched natively tokenised money market fund shares on Allfunds Blockchain, marking the “first cross-border digital asset transaction between Luxembourg and France”. This initiative is the first business-to-business native token transaction across borders, facilitated by distributed ledger technology. Developed in collaboration with Allfunds Blockchain and BNP Paribas’ Securities Services, the move