BNP Paribas Joins BlackRock, JPMorgan in Ethereum Fund Tokenization Push
BNP Paribas, Europe’s largest bank with more than $3 trillion in assets, issued a tokenized share class of a French-domiciled money market fund directly on the public Ethereum blockchain. The move places BNP alongside BlackRock and JPMorgan in a small but expanding group of institutions using tokenization to modernize fund structures and reach new investor segments via on-chain shares.
This development matters because tokenized funds on public chains can enable faster settlement, 24/7 distribution, fractional ownership and more transparent secondary markets — benefits that appeal to asset managers and distributors. By choosing Ethereum (ETH) for a regulated money market product, BNP Paribas signals increasing comfort with public-layer infrastructure while keeping an eye on regulatory compliance; the step could accelerate similar initiatives across legacy banking and asset management groups.