Franklin Templeton, BNP Paribas See Tokenization Boosting EU's Capital Efficiency

Crypto Insight Summary: Executives from Franklin Templeton and BNP Paribas say tokenized assets and stablecoins could improve capital efficiency across Europe as Wall Street expands tokenization efforts. 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. Institutional interest in tokenization has accelerated in recent months. Some of the largest US banks, including JPMorgan Chase and Bank of America, are [reportedly planning a tokenized deposit network](https://cointelegraph.com/news/jpmorgan-citi-bank-of-america-launch-tokenized-deposit-system-2027) for launch in the first half of 2027, seeking to keep deposits within regulated banking channels while offering some of the speed and programmability associated with blockchain-based assets. _Executives discuss stablecoins and tokenized assets during a panel at WAIB Summit 2026 in Monaco. Photo: Cointelegraph_ On March 18, the US Securities and Exchange Commission [approved Nasdaq's pilot proposal](https://cointelegraph.com/news/sec-approves-nasdaq-tokenized-trading-pilot) to support the trading of tokenized versions of high-volume stocks and securities. On Thursday, [Digital Asset Holdings raised $355 million](https://cointelegraph.com/news/digital-asset-355m-16z-wall-street-blockchain-rails) in a round led by Andreessen Horowitz's crypto arm. Crypto Insight Analysis: Direction: Bullish ETH / Bullish BNB / Bullish HT / Bullish OKB / Bullish KCS Impact: Minor Impact Horizon: Mid-term (1-8 weeks) Reasoning: Institutional tokenization efforts boost blockchain adoption, benefiting major platform tokens and ETH as the leading smart contract platform.