China Merchants Bank Hong Kong Subsidiary Tokenises Money Market Fund on BNB Chain

A Hong Kong subsidiary of China Merchants Bank has tokenised a US-dollar money market fund on BNB Chain. The blockchain was developed by Binance, the world's largest cryptocurrency exchange. This move is part of Hong Kong's real-world asset (RWA) drive, which continues to attract Chinese financial institutions. CMB International Asset Management Limited partnered with BNB Chain to tokenise its CMB International USD Money Market Fund. They have issued two tokens, CMBMINT and CMBIMINT, available to accredited investors, as announced on Wednesday. The tokens represent units in the USD money market fund by CMB International. They have been deployed on BNB…