Wall Street · Tokenization · Cointelegraph
Franklin Templeton, BNP Paribas see tokenization boosting EU's capital efficiency
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Executives from Franklin Templeton and BNP Paribas say tokenized assets and stablecoins could improve capital efficiency across Europe as Wall Street expands tokenization efforts.
Key facts
- On Thursday, Digital Asset Holdings raised $355 million in a round led by Andreessen Horowitz's crypto arm
- The initiative forms part of parent company Intercontinental Exchange's plans for a tokenized securities venue featuring 24/7 trading, instant settlement, stablecoin-based funding and onchain
- On March 18, the US Securities and Exchange Commission approved Nasdaq's pilot proposal to support the trading of tokenized versions of high-volume stocks and securities
- Canton has already been piloted by institutions including Goldman Sachs, BNY Mellon, BNP Paribas, Standard Chartered, Société Générale and Deutsche Börse
Summary
Large financial institutions are turning to tokenization to improve capital efficiency and liquidity, according to representatives from Franklin Templeton and BNP Paribas. Speaking at a panel at the WAIB Summit 2026 in Monaco, industry executives discussed how tokenized assets and stablecoins could modernize Europe's capital markets by streamlining settlement, improving collateral mobility and creating new opportunities for cross-border financial activity. Tokenization offers institutions more “optionality and flexibility,” a development that is driving interest from banks and large corporations to launch their own offerings, said Rafael Mastroberardino, head of digital assets partnership development at investment manager Franklin Templeton. Julien Clausse, the head of BNP Paribas CIB's tokenization platform, said blockchain's ability to host multiple assets on the same chain could unlock new institutional use cases, provided those assets are able to interact with one another.