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CMB International Expands USD Money Market Fund Access via BNB Chain Tokens

CMB International Expands USD Money Market Fund Access via BNB Chain Tokens

CMB International’s partnership with BNB Chain enhances tokenized fund distribution, leveraging licensed platforms DigiFT and OnChain to enable broader digital asset integration.

BNB

Fact Check
Evidence from partner DigiFT confirms that the CMB International USD Money Market Fund was tokenized for 'Multi-Chain Deployment.' The same announcement explicitly mentions a 'new tokenized gateway to BNB Chain yield,' directly linking the fund's expansion to the BNB Chain.
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Summary

CMB International officially announced its partnership with BNB Chain to distribute its USD Money Market Fund through CMBMINT and CMBIMINT tokens. The initiative, supported by licensed tokenized asset trading platform DigiFT and OnChain’s investment platform, allows fiat and stablecoin subscriptions with real-time redemptions. Managing over $3.8 billion, the fund ranks among Bloomberg’s top Asia-Pacific performers, marking a major step in institutional-grade tokenization and blockchain-based fund accessibility.

Terms & Concepts
  • Tokenized Asset: A digital representation of a real-world financial asset on a blockchain, enabling fractional ownership and on-chain transactions.
  • Stablecoin: A cryptocurrency pegged to a stable asset, such as the US dollar, to minimize price volatility.
  • BNB Chain: A blockchain platform developed by Binance, supporting decentralized applications and tokenized asset ecosystems.