Franklin Templeton, BNP Paribas see tokenization boosting EU's capital efficiency
Large financial institutions are increasingly adopting tokenization to improve capital efficiency, liquidity, settlement speed, and collateral mobility. At WAIB Summit 2026 in Monaco, Franklin Templeton and BNP Paribas executives said tokenized assets and stablecoins could modernize Europe’s capital markets and create more cross-border financial activity. Interest is rising because tokenization gives banks and corporations more flexibility, and blockchain can host multiple interoperable assets on one chain. Momentum is also building in the U.S. The SEC approved Nasdaq’s pilot for trading tokenized stocks and securities, and the NYSE partnered with Securitize to build blockchain trading infrastructure for tokenized stocks and ETFs. Separately, major U.S. banks are reportedly exploring a tokenized deposit network for 2027. Digital Asset Holdings also raised $355 million to expand Canton Network, which is being piloted by firms including Goldman Sachs, BNY Mellon, BNP Paribas, Standard Chartered, Société Générale, and Deutsche Börse.
