Franklin Templeton, BNP Paribas see tokenization boosting EU's capital efficiency

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.

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