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China Merchants Bank’s Hong Kong Unit Tokenizes USD Money Market Fund on BNB Chain

The launch highlights Hong Kong’s regulated tokenisation push for institutional products.

Overview

  • CMB International Asset Management deployed two tokens, CMBMINT and CMBIMINT, on BNB Chain that represent units of its USD money market fund.
  • Access is limited to accredited investors who can subscribe using fiat or stablecoins through licensed platforms DigiFT and OnChain.
  • DigiFT and OnChain handle issuance, on-chain compliance, subscriptions and redemptions via smart contracts to manage liquidity.
  • Industry coverage reports the initiative brings about $3.8 billion of fund assets on-chain, a figure not independently verified by the articles.
  • Planned integrations with BNB Chain DeFi protocols such as Venus Protocol and ListaDAO aim to enable collateral and yield strategies, as BNB Chain pitches itself as a tokenisation layer for real-world assets.