CMBI’s Move to Tokenize $3.8B Money Market Fund on BNB Chain May Prompt Regulatory Scrutiny

• Institutional-grade MMF tokenized on BNB Chain for accredited investors

• Two tokens (CMBMINT, CMBIMINT) allow fiat or stablecoin purchases and redemptions via DigiFT

• HKEX data shows fund AUM rose from $2.9B in April to $3.6B by August; onchain launch reported at >$3.8B

CMB International USD Money Market Fund tokenized on BNB Chain — read how CMBI issued CMBMINT/CMBIMINT for accredited investors, with AUM growth and regulatory context.

By COINOTAG — Published: 2025-10-15. Updated: 2025-10-15.

What is the CMB International USD Money Market Fund tokenized on BNB Chain?

The CMB International USD Money Market Fund is a Hong Kong sub-fund that CMB International Asset Management has brought onchain to BNB Chain by issuing two tokens, CMBMINT and CMBIMINT, enabling accredited investors to access fund exposure using fiat or stablecoins while preserving traditional fund mechanics.

How did the tokenization process unfold and what parties are involved?

The tokenization initiative builds on prior work with Singapore-based DigiFT, which earlier tokenized the same fund on Solana. In the BNB Chain rollout, CMBI partnered with BNB Chain and engaged DigiFT for on- and off‑ramp services, while RWA infrastructure provider OnChain enables token utility across DeFi applications. Official announcements from BNB Chain describe the effort as expanding onchain distribution for accredited investors. Authoritative data referenced: HKEX (AUM figures), BNB Chain (announcement), DigiFT, and OnChain (infrastructure provider).

The CMB International USD Money Market Fund’s AUM from April 2025. Source: HKEX

Quick fund overview

Launched in early 2024, the CMB International USD Money Market Fund is a sub-fund of the CMB International Open-ended Fund Company, a public umbrella open-ended fund company established in Hong Kong. The fund mainly invests in US dollar-denominated deposits and state-backed money market instruments across jurisdictions including the United States, Singapore, the European Union, mainland China, Hong Kong, Macau and Taiwan.

According to Hong Kong Stock Exchange (HKEX) data, the fund’s AUM has shown steady growth: from $2.9 billion in April to approximately $3.6 billion by August, a rise of roughly 24%. Public statements associated with the token launch refer to the fund as carrying over $3.8 billion in assets under management at the time of the BNB Chain announcement.

CMBMINT and CMBIMINT tokens deployed on BNB Chain

The onchain representation of the fund takes form as two tokens, CMBMINT and CMBIMINT. These tokens are intended to represent investor exposure to the underlying money market holdings while allowing investors to acquire and redeem via fiat rails or stablecoins. Redemption channels cited include DigiFT’s infrastructure for off‑chain settlement.

OnChain’s role in the project is to provide infrastructure that enables these tokens to be used across decentralized finance (DeFi) applications, such as lending protocols and yield-generation services. The combination of tokenized fund shares plus DeFi composability is presented by partners as expanding distribution and utility for accredited investors while maintaining linkages to the underlying, regulated fund vehicle.

Source: BNB Chain

What regulatory context surrounds the tokenized fund?

Recent media reports indicated that mainland China regulators have asked some Hong Kong brokerages to pause real-world asset (RWA) projects. The tokenized CMBI fund launch came amid those reports, leaving open questions about cross-jurisdictional compliance. The Hong Kong Monetary Authority (HKMA) declined to comment when approached. BNB Chain was also contacted for comment but did not provide a statement by publication. Plain-text sources for the regulatory context include press reports and statements from the entities above.

Frequently Asked Questions

Is the tokenized CMBI money market fund available to retail investors?

The tokenized shares are described as targeted to Accredited Investors. Access depends on investor accreditation status, applicable Hong Kong and cross-border regulations, and the on- and off‑ramp providers’ compliance checks. Retail availability is not indicated in the partnering announcements.

How can I redeem or use CMBMINT and CMBIMINT onchain?

Holders can redeem tokens through the stated redemption path via DigiFT’s off‑ramp service, converting token holdings back to fiat or the fund’s settlement mechanism. OnChain integration also allows tokens to be used in DeFi protocols for lending and yield opportunities, subject to platform terms and investor eligibility.

Key Takeaways

• Institutional fund onchain: CMBI tokenized a Hong Kong‑domiciled USD money market sub‑fund on BNB Chain, issuing CMBMINT and CMBIMINT.
• Investor access: Tokens enable accredited investors to gain exposure via fiat or stablecoins, with redemption handled through DigiFT.
• Regulatory context: The launch occurred amid reports of regulatory scrutiny in mainland China; HKMA declined to comment. Parties involved: HKEX (data), BNB Chain, DigiFT, OnChain.

Conclusion

The tokenization of the CMB International USD Money Market Fund on BNB Chain represents a notable institutional step in bringing regulated money market exposure to blockchain distribution channels. Backed by documented AUM growth and a combination of custody, on‑ and off‑ramp, and DeFi infrastructure partners, the initiative highlights practical RWA use cases while underscoring ongoing regulatory considerations. COINOTAG will continue to track developments and regulatory responses as the project moves into active distribution.