**February 21st (Coindesk) — BNP Paribas’ French asset management arm is running a new Ethereum blockchain pilot, marking the first time it has issued tokenized shares of a French-registered money market fund.** The tokenized shares are issued on-chain via the bank’s Asset Foundry platform, using an Ethereum-based permissioned access model: holdings and transfers are restricted to eligible authorized participants to ensure compliance. In a statement, the company said the pilot is a one-time, limited internal group experiment designed to test end-to-end processes — from issuance and transfer agent services to tokenization and public blockchain integration — within a controlled regulatory framework. BNP Paribas Asset Management acts as the fund issuer, while its securities services division serves as transfer agent and broker.
