[BNP Paribas Launches Tokenization Pilot, Introduces On-Chain Shares of French Money Market Fund] BlockBeats News, February 21, according to Coindesk, BNP Paribas Asset Management is conducting a new round of blockchain pilot projects using Ethereum, issuing tokenized shares of a French-registered money market fund for the first time. The announcement states that the tokenized shares are issued on-chain through BNP Paribas' AssetFoundry platform, utilizing a 'permissioned access model on Ethereum'—'holdings and transfers are restricted to qualified authorized participants who meet regulatory requirements to ensure compliance.' The company stated: 'This pilot is a one-time, limited internal group experiment aimed at testing a new end-to-end process—from issuance and transfer agency to tokenization and public blockchain connectivity—within a controlled regulatory framework.' BNP Paribas Asset Management acts as the fund issuer, while its securities services division serves as the transfer agent and dealer.