[BNP Paribas Tests Public Blockchain Infrastructure in Money Market Fund Tokenization] According to Crowdfundinsider, BNP Paribas Asset Management has issued tokenized shares of a French-registered money market fund on a public blockchain. Announced on February 20, this project marks a significant step in the bank's exploration of tokenization technology, transitioning from a private ledger to the Ethereum public network. The project employs a permissioned access model on Ethereum, allowing only pre-approved, regulated participants to hold or transfer tokenized shares. This ensures compliance with financial regulations while leveraging the transparency and security of the public blockchain. The experiment integrates multiple business lines within BNP Paribas: the asset management company acts as the fund issuer, the securities services division serves as the transfer agent and manages wallet infrastructure and private key custody, and the AssetFoundry platform from the corporate and investment bank handles the tokenization process and provides connectivity to Ethereum. This pilot builds on previous experience with tokenized money market funds issued on a private blockchain in Luxembourg, testing different models to evaluate technical and operational frameworks.