A Hong Kong branch of China Merchants Bank (CMB) has brought one of Asia-Pacific’s money market funds onto the blockchain, issuing it as digital tokens on BNB Chain, a blockchain network originally developed by Binance.
According to the official announcement, CMB International Asset Management partnered with BNB Chain for the project, creating two tokens, CMBMINT and CMBIMINT. The move allows accredited investors to access the $3.8 billion fund digitally through two tokens available via platforms DigiFT and OnChain.
The tokens are part of a growing ecosystem for real-world assets (RWAs) on BNB Chain. Investors can use these tokens in decentralized finance (DeFi) services, such as lending, borrowing, and yield strategies.
The move comes as Hong Kong sees growing interest in tokenizing real-world assets, even while regulators in Beijing have asked mainland institutions to pause similar projects.
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