Search results for BNP Paribas
Crypto
Goldman Sachs-backed Canton Network integrates with LayerZero
Goldman Sachs-backed Canton Network has integrated with cross-chain protocol LayerZero to support the movement of digital assets between blockchains, The Block reported on March 26. Designed for financial institutions, the integration enables connections to more than 165 public blockchains. Digital Asset, a key developer of Canton Chain, raised $135 million in investment last year and is backed by Goldman Sachs, Microsoft and DTCC.
Crypto
BNP Paribas issues tokenised money market fund units on public blockchain
BNP Paribas Asset Management has issued units of a France-registered tokenised money market fund using the Ethereum blockchain, The Block reported on Feb. 20. The issuance was done through BNP Paribas\' AssetFoundry platform. Holding and transferring the tokenised units is allowed only for authorised eligible participants under regulatory requirements. BNP Paribas Securities Services acts as transfer agent and dealer, with the project described as a one-off internal test in a controlled regulatory environment.
Crypto
Spain\'s BBVA joins EU bank stablecoin project, challenges digital dollar
Spain\'s BBVA has joined the European bank stablecoin project Qivalis. Qivalis aims to launch a euro-based stablecoin to counter the dominance of digital dollar stablecoins. With BBVA\'s participation, 12 major EU banks including BNP Paribas, ING and UniCredit are involved. Euro-pegged coins account for $860 million of the $300 billion stablecoin market. Qivalis is seeking approval from the Dutch central bank as an e-money institution and targets a token launch in the second half of 2026.