French lender BNP Paribas is bringing six new crypto exchange-traded notes (ETNs) tied to Bitcoin and Ethereum to its French exchange platform, starting tomorrow March 30, according to a recent study. to announce.
Exchange-Traded Notes (ETNs) are exchange-traded notes that provide investors with exposure to the underlying market. They provide liquid and diversified exposure without direct ownership, although investors are exposed to creditor risk and market volatility.
Issued under MiFID II, which was designed to improve market transparency and protect investors, ETNs allow millions of individual investors and private banking clients to gain exposure to crypto assets without directly buying or holding the funds.
At launch, the products, provided by voltage-based product managers, will be available to a wide range of customers, with a global rollout to follow.
As one of the pioneers of blockchain and crypto, BNP Paribas tested blockchain use cases in areas such as trade finance and security stability, formed partnerships with fintech and blockchain companies, and showed interest in implementing digital services for corporate clients.
The group has also supported ongoing research into how these new products can reshape financial markets.
BNP Paribas is part of Qivalis, a consortium of major European banks working to create a euro-pegged stablecoin for institutional and crypto use. The project is expected to be implemented by late 2026 under MiCA regulations.
BNP Paribas runs a tokenized money market fund on Ethereum
BNP Paribas recently tested the token for the share market capitalization on Ethereum units.
Built on a permissioned model, the service restricts access to those who need to participate while still complying with regulations. A cross-sector experiment aims to test new workflows and evaluate how tokens can facilitate the issuance and distribution of funds.
French trade currency
France’s investment base has grown significantly in recent years. About 2.5 million French market participants are expected to participate in the stock market in 2025, while about 1.6 million people have joined the market in the past three years.
If even a fraction of the nearly €2 trillion in liquid funds that French families are saving is diverted to these new products, the financial impact of Bitcoin and Ethereum books would be significant.
