BNP Paribas has structured and distributed the first ever tokenised renewables project finance bond. With proceeds used to refinance a small solar energy project, the bond was the combined work of different teams from BNP Paribas’s Corporate and Institutional Bank (CIB), including digital and securities services, together with BNP Paribas Asset Management.
As the bank explains, tokenisation in finance refers to the issuance of securities as native digital assets, which means they can be recorded, moved and stored on the blockchain in a transparent way.
