CMB International tokenizes its $3.8B money market fund on BNB Chain
Cross-chain tokenization signals a shift in Hong Kong’s finance as banks integrate traditional assets with blockchain for greater flexibility.
Key Takeaways
- CMB International, a subsidiary of China Merchants Bank, has brought its $3.8 billion money market fund on BNB Chain.
- This marks one of the largest tokenized traditional financial products on the blockchain network.
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CMB International, a Hong Kong-based subsidiary of China Merchants Bank, has tokenized its $3.8 billion money market fund on BNB Chain. The deployment marks one of the largest tokenized traditional financial products to debut on the blockchain network.
BNB Chain has partnered with CMB International to tokenize and deploy traditional money market funds on-chain, enabling seamless integration of legacy finance with decentralized ecosystems.
CMB International has extended its blockchain initiatives by tokenizing its funds across multiple chains, including recent deployments on Solana.
China Merchants Bank, through CMB International, is advancing crypto adoption by supporting round-the-clock trading of major digital assets, aligning with broader efforts to bridge traditional banking with blockchain in Hong Kong.
