CMB International (CMBIAM), the Hong Kong-based subsidiary of China Merchants Bank, one of China’s leading commercial banks, has tokenized a $3.8 billion money market fund (MMF) on $BNB Chain, the blockchain developed by Binance, the world’s largest cryptocurrency exchange.
CMB International Asset Management Limited has partnered with $BNB Chain to tokenize the CMB International USD Money Market Fund by issuing two tokens that will be available to accredited investors, the companies said in a statement.
The two tokens – CMBMINT and CMBIMINT – will be distributed by DigiFT, a crypto exchange focusing on tokenized RWAs, and investment platform OnChain, respectively.
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