BNP Paribas exec says the bank needs an abstraction layer to reach multiple blockchains

BNP Paribas said it needs an abstraction layer to connect to multiple blockchains, according to an executive at the French bank, underscoring how large financial institutions are moving to integrate disparate digital systems rather than rely on a single network. The comment reflects the banking sector's broader push for blockchain interoperability as it seeks seamless operations across diverse ledgers. The bank did not disclose specific token prices, total value locked, volumes, market capitalization or funding figures in the article. The remarks matter because interoperability, or the ability to move assets and data across chains, is a key hurdle to institutional adoption of blockchain-based settlement and tokenization. What to watch next is whether BNP Paribas builds or partners on such an abstraction layer and which chains it connects first.