BNP Paribas Launches Blockchain-Enabled Money Market Fund for Enhanced Efficiency

BNP Paribas has launched a groundbreaking tokenized money market fund, leveraging blockchain technology to streamline transactions and boost investor accessibility. This innovative move represents a significant advancement in traditional finance as it aims to address delays inherent in traditional fund operations. 🇫🇷 The new fund utilizes native tokenization and distributed ledger technology (DLT) for real-time asset valuation, enabling direct processing of digital shares once the net asset value is available. This reduces settlement lags often encountered in batch-based systems, resulting in quicker transactions and improved transparency.