The post $3.8B fund tokenized on BNB marks China’s boldest RWA move yet appeared on BitcoinEthereumNews.com.

CMB International Asset Management tokenized the CMB International USD Money Market Fund on BNB Chain through the CMBMINT and CMBIMINT tokens on Oct. 15. The fund manages over $3.8 billion and ranked first among Asia-Pacific money market peers in Bloomberg’s performance rankings as of October 2025. Launched in 2024, the fund invests at least 70% of its net asset value in US dollar-denominated short-term deposits and high-quality instruments issued by governments, quasi-governmental entities, and top-tier financial institutions. Through tokenization, accredited investors can subscribe using fiat or stablecoins and redeem their holdings in real-time via DigiFT’s liquidity management smart contracts, supported by infrastructure provider OnChain. Adam Bai, head of CMB International Asset Management, said BNB Chain’s infrastructure enables the firm to “securely and compliantly extend our money market strategies to a broader global investor base.” BNB Chain’s RWA ecosystem comprises issuance partners, including Franklin Templeton, Ondo, Securitize, Backed, OpenEden, and Asseto. Among the financial assets issued on the network are Circle’s USYC, VBill, Benji, and Cash+. The CMBMINT and CMBIMINT tokens will integrate with the Venus Protocol and ListaDAO, enabling investors to use them as collateral for lending or in yield strategies. Sarah, head of business development at BNB Chain, called the collaboration “another milestone in our RWA journey,” adding that it reinforces BNB Chain’s vision to become the tokenization layer for all assets. Regulatory context On Sept. 23, Reuters reported that China’s securities watchdog advised some local brokerages to pause their RWA tokenization business in Hong Kong. At least two leading brokerages received informal guidance from the China Securities Regulatory Commission to refrain from conducting RWA business outside China. Shares in top Chinese brokerages listed in Hong Kong, including Guotai Junan International and GF Securities, fell between 2% and 7.25% on the news. Hong Kong’s Financial Services, the Treasury Bureau,…

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Filed under: News - @ October 16, 2025 4:27 pm