BNP Paribas Asset Management (‘BNPP AM’) has launched natively tokenised Money Market fund shares to test cross-border transactions based on Distributed Ledger Technology (DLT).
The initiative aims to enhance operational efficiency and provide real-time information on subscriptions and redemptions by leveraging blockchain technology for order execution and settlements.
The tokenisation of Money Market Funds (MMFs) using blockchain technology can make them accessible to a broader retail investor base, offering increased efficiency and security.
BNP Paribas Asset Management shows commitment to innovation and digital transformation by adopting cutting-edge technologies to deliver tailored solutions to clients in the financial sector.