CMB International Partners with BNB Chain to Launch Money Market Fund 

• CMB launches $3.8B tokenized money market fund on BNB Chain for real-time access.
• BNB Chain integration expands institutional-grade assets without altering fund structure.
• BNB Chain rollout complements earlier Solana, Ethereum, Arbitrum, and Plume support.

CMB International Asset Management, a subsidiary of China Merchants Bank, confirmed on October 15, 2025, that it has partnered with BNB Chain to extend on-chain access to its USD Money Market Fund. This brings more than $3.8 billion in assets into BNB Chain’s ecosystem through tokenized products distributed by DigiFT and supported by technology provider OnChain. 

Token Deployment and Access Structure

Under the rollout, the fund’s tokenized products, CMBMINT and CMBIMINT, have been deployed on BNB Chain. These tokens represent fund shares and now enable qualified investors to subscribe or redeem using stablecoins or fiat currencies in real time. 

DigiFT, a licensed tokenized asset exchange based in Singapore, manages the distribution and issuance. OnChain, described as an on-chain capital markets platform, provides infrastructure for the offering.

The three-party structure aims to place institutional-grade real-world assets into a blockchain environment without altering the fund’s underlying makeup. The fund primarily invests in short-term U.S. dollar deposits and money market instruments issued by governments, quasi-government agencies, international bodies, enterprises, and financial institutions. According to CMB International, at least 70% of the net asset value tracks these instruments.

Statements From Project Stakeholders

Bai Haifeng, head of CMB International Asset Management, credited the fund’s growth to investor confidence and performance since its inception in 2024. He said the partnership with BNB Chain allows broader access for qualified investors under a framework supported by regulated intermediaries. Sarah, head of business development at BNB Chain, noted that the collaboration represents further expansion of tokenized financial products within one of the largest public blockchains.

Henry Zhang, founder and group CEO of DigiFT, said the initiative links traditional financial products with programmable blockchain rails. Peter Song, co-founder and group CEO of OnChain, described the move as an extension of the firm’s role in tokenized asset infrastructure across capital markets.

Fund History and Earlier Tokenization Steps

The October announcement builds on prior distribution expansions. In August, CMB International and DigiFT launched the fund as a tokenized product on Solana. That version was the first publicly offered money market fund recognized by regulators in both Singapore and Hong Kong. 

At the time, the product became available exclusively to accredited investors in Singapore. Multi-chain support formed a central feature of the earlier launch. The fund was configured to operate across Solana, Ethereum, Arbitrum, and Plume. 

DigiFT handled on-chain issuance and distribution, while CMB International Asset Management oversaw the fund itself. OnChain, already active as a real-world asset service provider on Solana, provided blockchain integration.

Investors in the earlier deployment could redeem and subscribe using either stablecoins or fiat currencies. DigiFT implemented liquidity management smart contracts to automate redemptions. The structure allowed near-instant conversions of tokenized fund units into stablecoins or cash without manual cycles.

CMB International’s product comes alongside other tokenized money market funds moving onto public chains. Franklin Templeton extended its OnChain U.S. Government Money Fund (FOBXX) to Solana earlier this year, following its initial launch on Stellar and subsequent expansions into Aptos, Ethereum, Avalanche, Arbitrum, Base, and Polygon. BlackRock’s BUIDL, managed with Securitize, also moved to Solana after rolling out on several networks and surpassing $1.7 billion in market capitalization.

Related: BNY Explores Tokenized Deposits as Blockchain Grows

Risk Disclosure and Regulatory Position

CMB International continues to state that the fund carries multiple risks. These include investment risk, short-term fixed income instrument volatility, credit and counterparty exposure, and interest rate shifts. 

The fund may also face emerging market risk, Mainland China investment risk, and concentration-related impacts. Additional considerations include Eurozone risk, foreign exchange risk, and exposure tied to derivatives and hedging.

The fund does not guarantee principal or a fixed net asset value. It is not regulated by the Hong Kong Monetary Authority and invests in both short-term deposits and bond securities. 

Meanwhile, the addition of BNB Chain to the fund’s distribution network follows its multi-chain rollout on Solana and other networks. DigiFT and OnChain continue to manage issuance and technical integration. The tokenized structure emphasizes real-time redemption, cross-network access, and institutional-grade underlying assets without altering existing regulatory outlook.