BNP Paribas Asset Management has launched a tokenized share class of a French money market fund on the Ethereum blockchain. This marks the second tokenization trial by the Paris-based bank's investment arm, following a previous initiative on a private blockchain in 2025. The firm emphasized the use of permissioned tokens to ensure only eligible participants can engage with the tokenized shares, leveraging Ethereum's public blockchain infrastructure for enhanced operational efficiency and security. BNP Paribas joins other financial giants like BlackRock and Franklin Templeton in exploring tokenization on public blockchains such as Ethereum. This trend is part of a broader movement in traditional finance to adopt blockchain technology, with predictions that the tokenization market could reach $35 trillion by 2030. The initiative reflects a growing interest in using blockchain to improve transparency and reduce costs in financial markets.