Maybank Asset Management brings Tokenised Singapore Dollar Money Market Fund into Synthesys Network
Maybank Asset Management Singapore has integrated its tokenized Singapore Dollar-denominated money market fund into the Synthesys Network to expand its global distribution reach. This development allows regulated intermediaries, including banks and payment providers, to access the fund through a single connectivity layer. The initiative marks a significant shift in the RWA market as it moves beyond US Dollar-centric products toward multi-currency on-chain assets. By leveraging the Synthesys Network, which connects to over 80 distribution channels, Maybank aims to provide institutional-grade cash management solutions for investors seeking Singapore Dollar exposure. The broader tokenized money market fund sector has seen rapid growth, with assets under management rising from US$4 billion in early 2025 to US$9 billion by the end of that year. This expansion highlights the increasing demand for currency diversification and yield-bearing digital assets within the decentralized finance ecosystem. The move underscores the growing role of infrastructure providers in bridging traditional asset management with on-chain liquidity.