BNP Paribas Asset Management has issued tokenized shares of a French-registered money market fund on a public blockchain. Announced on February 20th, the project's move from a private ledger to the Ethereum public network marks a significant step forward in the bank's exploration of tokenization technology. The project employs a permissioned access model on Ethereum, allowing only pre-approved, regulated participants to hold or transfer tokenized shares, leveraging the transparency and security of public blockchains while ensuring compliance with financial regulations. This experiment integrates multiple BNP Paribas business lines: the asset management company acts as the fund issuer, the securities services department serves as the transfer agent and is responsible for wallet infrastructure and private key custody, and the corporate and investment banking platform, AssetFoundry, handles the tokenization process and provides connectivity to Ethereum. This pilot builds upon previous experience with a tokenized money market fund issued using a private blockchain in Luxembourg, evaluating the technology and operational model by testing different approaches. (Crowdfundinsider)