BNP Paribas is now running a tokenised money market fund on Ethereum mainnet.
How do you put regulated securities on a permissionless chain?
ERC-3643 is the answer. It embeds compliance, such as KYC, eligibility, and transfer restrictions, directly into the token. Public settlement. No private chain needed.
SEC Chairman Paul Atkins recently cited ERC-3643 in his speech announcing Project Crypto as an example of how compliance can be enforced directly on tokenized assets
BNP is also backing Qivalis - a 12+ bank Euro stablecoin launching H2 2026 across Ethereum, Polygon, and Base.