China Merchants Bank Launches $3.8 Billion Money Market Fund on BNB Chain
China Merchants Bank (CMB) Hong Kong branch has tokenized a $3.8 billion Asia-Pacific money market fund. The fund is now available as digital tokens on BNB Chain, a blockchain developed by Binance.
CMB International Asset Management partnered with BNB Chain to create two tokens: CMBMINT and CMBIMINT. Accredited investors can access the fund digitally through these tokens on platforms DigiFT and OnChain.
Tokenization Expands Access to Real-World Assets
This project adds to BNB Chain’s growing real-world asset (RWA) ecosystem. Investors can use these tokens in decentralized finance (DeFi) services like lending, borrowing, and yield strategies.
The ecosystem links traditional finance, tokenization platforms, and DeFi protocols. This connection improves transparency and traceability for real-world assets on the blockchain.
Hong Kong is seeing increased interest in asset tokenization, despite Beijing’s regulators pausing similar projects in mainland China. Money market funds are low-risk investments in short-term, high-quality deposits and securities. Tokenization makes these funds faster to settle and easier to access.
Adam Bai, Head of CMB International Asset Management, said, “By leveraging BNB Chain’s robust blockchain infrastructure—and working with trusted partners DigiFT and OnChain—we can securely and compliantly extend our money market strategies to a broader global investor base.”
BNB Chain’s Rising Popularity and Network Activity
BNB Chain has recently seen a surge in decentralized exchange (DEX) trading volume. Last week, it led all networks in daily fees and DEX volume twice. The network recorded $7.88 million in daily fees, the second-highest in three years, driven by a memecoin trading wave.
Decentralized perpetual trading on BNB Chain has also grown rapidly. In October 2025, it became the most used blockchain, surpassing Ethereum, Solana, and Tron.
This growth boosted the native BNB token, which reached an all-time high of $1,370. Currently, it trades around $1,190, about 13% below the peak, according to CoinMarketCap.
Binance’s stablecoin reserves increased to $47.7 billion, up over $3 billion since the start of October, per DeFiLlama.
