Maybank and BNP Paribas Launch On-Chain Money Market Fund with Marketnode

The initiative brings Maybank’s Money Market Fund onto blockchain infrastructure through a partnership with Singapore-based Marketnode.

Summary

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Terms & Concepts
  • On-Chain: Refers to transactions or processes that occur and are recorded directly on a blockchain network.
  • Tokenization: The process of converting rights to an asset into a digital token on a blockchain.
  • Money Market Fund: An investment fund that holds short-term, high-quality debt instruments, offering liquidity and low risk to investors.