BNP Paribas has issued a tokenized share class of a French-domiciled money market fund on the public Ethereum blockchain, joining BlackRock and JPMorgan in institutional fund tokenization. The launch highlights growing use of public chains for traditional fund distribution and settlement.
BNP Paribas is among ten European banks that formed Qivalis in the Netherlands to issue a euro-backed stablecoin, aiming to deliver a regulated digital euro payment solution.