CMB International Brings $3.8B Fund to BNB Chain via Tokenization
CMB International Asset Management has partnered with BNB Chain to tokenize its $3.8 billion USD Money Market Fund, marking a significant expansion of institutional RWA adoption in Asia. The fund, a sub-fund of the Hong Kong-based CMB International Open-ended Fund Company, is now represented on-chain via two tokens, CMBMINT and CMBIMINT. By utilizing infrastructure provider OnChain, the initiative allows these tokens to be integrated into decentralized finance applications, including collateralized lending and yield strategies on platforms like Venus Protocol and ListaDAO. The fund maintains a conservative strategy, allocating at least 70% of its net asset value to short-term deposits and high-quality money market instruments from major global jurisdictions. This move highlights the growing trend of traditional financial institutions leveraging blockchain to enhance the liquidity and utility of large-scale money market assets. For the RWA market, this integration demonstrates how established banking entities are increasingly utilizing BNB Chain to bridge traditional finance with DeFi ecosystems. The collaboration underscores the strategic shift of major commercial banks toward digital asset offerings to provide investors with broader access to yield-generating products.