CMB tokenizes money market fund on BNB Chain by issuing on-chain fund tokens (CMBMINT and CMBIMINT) that mirror a $3.8 billion USD money market fund, enabling accredited and institutional investors to gain blockchain-native exposure via fiat, stablecoins, and DeFi rails within a regulated Hong Kong framework.
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CMB tokenizes a $3.8B MMF on BNB Chain, issuing CMBMINT and CMBIMINT for on-chain trading.
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The fund primarily holds USD deposits and government-backed instruments across the US, Singapore, EU and Greater China.
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Assets under management rose ~24% from $2.9B to $3.6B between April and August, per Hong Kong Stock Exchange data.
CMB tokenizes money market fund on BNB Chain — read how the $3.8B MMF went on-chain, who can access it, and what regulators are saying. Learn more from COINOTAG.
Published: 2025-10-15 | Updated: 2025-10-15 | Author: COINOTAG
What is the CMB tokenized money market fund on BNB Chain?
CMB tokenizes money market fund on BNB Chain refers to China Merchants Bank International Asset Management’s conversion of its USD Money Market Fund into on-chain tokens (CMBMINT and CMBIMINT) on the BNB Chain. The tokens represent fractional ownership of a fund with approximately $3.8 billion AUM and enable blockchain-native access for eligible investors.
How does the tokenization process work and which tokens were issued?
Tokenization creates digital representations of fund shares so they can trade and settle on-chain. CMBI issued two tokens—CMBMINT and CMBIMINT—representing stakes in the USD MMF. Investors can obtain exposure via fiat rails, stablecoins, or native crypto, and the tokens are designed to integrate with decentralized finance infrastructure for lending and liquidity provisioning. This follows CMBI’s prior tokenization on Solana via DigiFT and leverages OnChain infrastructure for custody and interoperability.
Regulatory context and on‑chain adoption
The tokenization comes amid evolving regulatory signals in mainland China and Hong Kong. Hong Kong Stock Exchange filings indicate the fund’s AUM expanded roughly 24% from $2.9 billion in April to $3.6 billion in August, reflecting investor demand for USD-denominated short-duration instruments. At the same time, reports indicate mainland Chinese authorities have advised certain Hong Kong brokerages to moderate real‑world asset projects, raising compliance questions for cross‑border RWA initiatives. The Hong Kong Monetary Authority (HKMA) and BNB Chain had not provided definitive public comments on regulatory compliance at the time of reporting.
What are the institutional and DeFi implications?
By putting an established money market fund on BNB Chain, CMBI aims to bridge traditional asset management with on-chain liquidity. For institutional and accredited investors, tokenization can reduce settlement friction and enable rapid, programmable access to yield strategies. From a DeFi perspective, token holders could deploy tokens into lending pools or automated market makers, unlocking liquidity and composability. However, institutional usage depends on custody, counterparty risk protocols, and alignment with local securities and fund regulations.
Frequently Asked Questions
How can institutional investors access CMB’s tokenized MMF?
Institutional and accredited investors can access the tokenized MMF through authorized distribution channels that support fiat or stablecoin conversions into the fund tokens. Access typically requires KYC/AML compliance, suitability checks and adherence to the fund’s investor eligibility criteria; details are provided by the fund manager and relevant distribution partners.
Is the CMB tokenized fund compliant with Hong Kong regulations?
Regulatory compliance is governed by Hong Kong rules for fund distribution and securities. The tokenized structure was launched by CMB International Asset Management in Hong Kong, and official oversight falls under local regulators including the Hong Kong Monetary Authority and market supervisors. Ongoing clarifications may be needed as regulators evaluate on‑chain RWAs.
Key Takeaways
- On‑chain representation: CMB issued CMBMINT and CMBIMINT to represent fractional ownership of a $3.8B USD money market fund.
- Multi‑chain strategy: The fund previously tokenized on Solana via DigiFT and now expanded to BNB Chain to broaden on‑chain liquidity and DeFi access.
- Regulatory watch: Authorities in mainland China reportedly advised caution on RWA projects; oversight by Hong Kong regulators will shape institutional adoption.
Conclusion
The move by China Merchants Bank’s Hong Kong subsidiary to tokenize its USD Money Market Fund on BNB Chain marks a measurable advance in bringing real‑world assets on‑chain. The project creates blockchain-native fund tokens with potential benefits for settlement efficiency and DeFi integration, but institutional uptake will hinge on clear regulatory frameworks and custody arrangements. COINOTAG will monitor developments and provide updates as official clarifications emerge.
Disclosure and Notices
Crypto Investing Risk Warning: Crypto assets are highly volatile. Your capital is at risk. Don’t invest unless you’re prepared to lose all the money you invest.
Affiliate Disclosure: This article contains no external links. Any references to industry entities such as Hong Kong Stock Exchange, Hong Kong Monetary Authority, BNB Chain, Solana, DigiFT or OnChain are mentioned as plain text only and not linked.
