Deployments · platform by BNP Paribas

BNP Paribas Asset Management tokenised money market fund share classesNew

BNP Paribas Asset Management has run two limited tokenised money market fund issuances. In May 2025 it issued a natively tokenised share class of an existing Luxembourg money market fund on Allfunds Blockchain's private ledger and processed cross-border subscriptions with a French counterparty, with BNP Paribas's Securities Services business as transfer agent. In February 2026 it issued a tokenised share class of a French money market fund on public Ethereum through BNP Paribas CIB's AssetFoundry platform, with permissioned tokens that only authorised wallets can hold; the bank describes this one as a one-off intra-group experiment, with Securities Services holding the wallet keys. Fund names, sizes and ISINs have not been published.

AnnouncedProof of conceptPilotLive (limited)Live (scaled)

Pilot since 22 May 2025^[1] — Two limited issuances (one investor, intra-group); no open offering announced. · Reviewed 21d ago

Assets: Fund interest^[1][2]
Tokenised share classes of existing Luxembourg and French money market funds
Networks: Allfunds Blockchain Private, permissioned^[1]
Ethereum Public, permissionless^[2]
Use cases: Primary issuance^[1][2]Fund subscription and redemption^[1]
Jurisdictions: Luxembourg, France

Participants

BNP Paribas Asset ManagementIssuer, Asset manager^[1][2]France
BNP ParibasPlatform provider, Transfer agent or registrar, Custodian^[2][1]France
Allfunds BlockchainTechnology provider^[1]Spain
A French counterparty subscribed to the Luxembourg tokenised class (another BNPP AM fund, per secondary coverage not opened).^[1]

Likely relevant regulation

EU DLT Pilot RegimeEuropean Union

Assets

IssuesBNP Paribas AM tokenised money market fund share classes^[1]

Timeline

Happened 20 Feb 2026 · Scope expansion · recorded 18 Oct 2026
BNPP AM issues a permissioned tokenised share class of a French money market fund on public Ethereum via AssetFoundry, as a one-off intra-group experiment.^[2]
Happened 22 May 2025 · Launch · recorded 18 Oct 2026
BNPP AM issues natively tokenised shares of an existing Luxembourg money market fund on Allfunds Blockchain and processes cross-border transactions with a French counterparty.^[1]

Sources

[1]BNP Paribas Asset Management launches first natively tokenised money market fund shares on Allfunds Blockchain — BNP Paribas Asset Management, 22 May 2025. Accessed 18 Oct 2026.B
[2]BNP Paribas explores public blockchain infrastructure for money market fund tokenisation — BNP Paribas Asset Management, 20 Feb 2026. Accessed 18 Oct 2026.B

Spotted something out of date or missing? Suggest a correction, ideally with a source.