Not sure how to use your Gate Post Growth Points? We've got you covered!
Growth Points Lucky Draw Round 1️⃣ 1️⃣ is coming soon!
Post, comment, like, and join chats daily to earn more Growth Points and win amazing prizes!
➡️ https://www.gate.io/post
🔥 This round features upgraded prizes — with surprise rewards waiting for you!
For more Growth Points tasks, tap the Growth Points icon next to your Gate Post avatar.
Thank you for your support and engagement — we’re here to reward your every effort!
#CommunityGrowthPoints#
BNP Paribas launches a tokenized MMF fund through blockchain
BNP Paribas Asset Management (BNPP AM) has just announced the launch of a tokenized money market fund (MMF) aimed at testing cross-border transactions based on Distributed Ledger Technology (DLT), in collaboration with Allfunds Blockchain and BNP Paribas's securities services division.
The fund is issued in the form of the native token of an existing MMF in Luxembourg, allowing for instant transactions based on NAV instead of batch processing as currently done. This is a new step following the wholesale CBDC experiments of the Eurosystem in 2024.
BNPP AM stated that the tokenization of the underlying asset will help optimize operational efficiency, provide real-time transaction data, and expand access to MMF beyond the institutional investor group, targeting retail investors.