BNP Paribas Launches Tokenized Fund on Ethereum

Edgen Crypto

·Feb 21 2026, 17:00

Share to

Share to

Copy link

Key Takeaways

BNP Paribas, Europe's largest bank, has launched a tokenized share class for a money market fund on the public Ethereum blockchain. The move signals deepening institutional adoption of public blockchains for traditional financial assets, following similar initiatives by firms like BlackRock and JPMorgan.

BNP Paribas, Europe's largest bank with over $3 trillion in assets, tokenized a share class of its money market fund on Ethereum.
The launch on February 21, 2026, places BNP Paribas alongside other financial giants like BlackRock in the push to tokenize real-world assets (RWAs).
This event is expected to increase demand for Ethereum blockspace and further legitimize public blockchains for mainstream financial services.

Europe’s Largest Bank Puts Money Market Fund on Ethereum

BNP Paribas, the largest bank in Europe with over $3 trillion in assets under management, launched a tokenized share class of a French-domiciled money market fund on the public Ethereum blockchain on February 21, 2026. This strategic move places a traditional, regulated financial product directly onto a decentralized public ledger, representing a significant step in bridging conventional finance with blockchain technology. By selecting Ethereum, the bank leverages the network's established infrastructure and security for issuing and managing digital shares.

Institutional RWA Tokenization Trend Accelerates

The launch by BNP Paribas is not an isolated event but rather a key indicator of an accelerating trend in real-world asset (RWA) tokenization. The French banking giant joins other major financial institutions, including BlackRock and JPMorgan, who are actively exploring or have already deployed tokenized funds on public and private blockchains. This collective push by legacy finance validates the utility of blockchain for enhancing the efficiency of asset issuance, settlement, and transfer. The move is anticipated to drive greater demand for Ethereum's blockspace, potentially boosting the on-chain finance sector and demonstrating a clear path for other institutions to follow.