Китайский банк запускает токенизированный фонд на основе BNB Chain, привлекая $3,8 млрд Chinese Bank Launches Tokenized Fund on BNB Chain, Attracting $3.8 Billion

The Hong Kong division of China Merchants Bank has tokenized a money market fund with assets totaling $3.8 billion on the BNB Chain.

In collaboration with CMB International Asset Management (CMBI), two tokens named CMBMINT and CMBIMINT have been deployed on the blockchain. Investors can acquire these tokens using fiat currency or stablecoins, with the option to redeem them through the DigiFT platform.

The infrastructure provider OnChain will facilitate the integration of these tokens with DeFi applications, including lending protocols.

This marks not CMBI’s first venture into the tokenization of real-world assets (RWA). In August, in partnership with the DigiFT platform, the division launched a coin based on Solana secured by the same fund.

The launch occurred despite reports that the China Banking Regulatory Commission had issued an unofficial directive to local brokers to suspend RWA projects in Hong Kong.

CMBI was established at the beginning of 2024 and focuses investments on US dollar deposits and government money market instruments. Since April, the fund’s managed assets have increased from $2.9 billion to $3.8 billion.

The volume of on-chain capital could exceed $100 trillion within five years, as reported by The Block citing TD Cowen. Since 2020, the figure has surged to $4.6 trillion.

Analysts believe that the appeal of tokenization lies in its practical benefits: reducing costs and accelerating cross-border transactions. The technology also enables the creation of programmable finance, directly integrated into the capital markets infrastructure.

Many firms have transitioned from theory to pilot projects. BNY Mellon is exploring tokenized deposits to modernize payments, while BlackRock is evaluating the potential to launch digital funds tied to real assets. TD Cowen experts discussed these trends with representatives from JPMorgan, Bank of America, Euroclear, and Tradeweb.

These initiatives also receive political backing. The United Kingdom plans to coordinate tokenization in wholesale markets, while major banks in the US and Europe are jointly exploring the launch of a stablecoin.

Investor demand is also on the rise. A survey conducted by State Street revealed that most institutional investors expect to double their cryptocurrency investments within three years. More than half anticipate that by 2030, tokenized assets will comprise between 10% and 24% of their portfolios.

«While the path is still challenging, political and regulatory progress has significantly exceeded our expectations even from two years ago. We believe this trend is too significant to ignore,» stated representatives from TD Cowen.

Experts emphasized that the transition from pilot projects to widespread adoption will occur once large institutions align on unified standards.

Recall that in September, Galaxy Digital announced a partnership with Superstate for the tokenization of its GLXY securities on Solana.

Subsequently, the market capitalization of RWA surpassed $75 billion for the first time exceeding the $75 billion mark.