BNP Paribas, Europe's second-largest bank, has launched a tokenized share class for a French money market fund on the Ethereum blockchain. This move marks a significant step in the integration of traditional finance with decentralized finance, allowing for 24/7 trading and settlement without geographical or temporal constraints. The initiative, piloted by AssetFoundry, aligns with the European MiCA regulations and underscores Ethereum's dominance in the DeFi space.
In a parallel development, WisdomTree is set to enable 24/7 trading of its tokenized Treasury Money Market Digital Fund (WTGXX) against the USDC stablecoin. This marks the first such initiative under U.S. regulations, with trading facilitated by WisdomTree Securities. These developments highlight the growing trend of tokenization in financial markets, leveraging Ethereum's robust infrastructure to bridge traditional and decentralized finance.
BNP Paribas Launches Tokenized Money Market Fund on Ethereum
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