Major Banks Embrace Ethereum for Fund Tokenization
Major Banks Embrace Ethereum for Fund Tokenization
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BNP Paribas has joined financial giants BlackRock and JPMorgan in tokenizing funds on the Ethereum blockchain. The bank's pilot program employs a permissioned, whitelist-based system to ensure secure and compliant participation for holding and transferring these tokenized assets.
BNP Paribas has joined institutions like BlackRock and JPMorgan in the trend of tokenizing funds on the Ethereum blockchain. In its pilot program, the bank implemented a permissioned, whitelist-based access model, ensuring that only authorized and compliant participants are able to hold or transfer the newly tokenized shares.