Odaily Planet Daily News: BNP Paribas Asset Management (BNPP AM) has issued native digital shares of a money market fund (MMF) on the Allfunds blockchain. Most tokenized funds are based on existing funds, but this time a new native digital share is created. The new share was then used in a cross-border transaction with a French counterparty. BNPP AM serves as a transfer agent and transaction service provider, and Allfunds Blockchain is a technical partner. The appeal of this solution lies in the improvement of efficiency and the shift from bulk subscription and redemption to instant transactions at net value. In addition, faster settlement is expected after the European Central Bank launches a wholesale DLT settlement solution. BNPP AM is also exploring the potential of MMF tokenization to attract crypto-native institutions and retail investors.