Hey, it’s Marc,

Name one major institution that launched tokenized funds on a private blockchain and stayed there. You can’t.

BlackRock moved to Ethereum. Franklin Templeton moved to Ethereum. JPMorgan moved to Ethereum. Last week, BNP Paribas joined them as the first and largest European bank. And they went further. [RELEASE]

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What happened

On February 19, 2026, BNP Paribas Asset Management issued a tokenized share class of an existing French-domiciled MMF on Ethereum. This made it the first major European bank to launch a regulated MMF on a public blockchain. [RELEASE]

Zooming in: BNP Paribas launched the tokenized MMF by combining three internal business together:

• BNP Paribas Asset Management acts as the issuer.

• BNP Paribas Securities Services serves as the transfer agent and custodian, holding private keys.

• BNP Paribas CIB‘s AssetFoundry provides the tokenization engine and connects to Ethereum.