Techub News reports that BNP Paribas Asset Management in France has launched a new blockchain pilot using Ethereum, issuing for the first time a tokenized share of a French-registered money market fund. The tokenized share is issued on-chain through BNP Paribas's AssetFoundry platform, utilizing a "permissioned access model on Ethereum," with holdings and transfers limited to qualified authorized participants who meet regulatory requirements to ensure compliance. BNP Paribas Asset Management acts as the fund issuer, with its securities services department serving as the transfer agent and broker. This pilot is an internal limited experiment aimed at testing the end-to-end process from issuance and transfer agency to tokenization and connection to public blockchains.