China Merchants Bank's Hong Kong Unit Tokenizes $3.8B Money Market Fund on BNB Chain

CMB International Asset Management Limited, the Hong Kong-based asset management arm of China's fourth-largest commercial bank China Merchants Bank, announced on October 15, 2025, that it has tokenized its $3.8 billion USD Money Market Fund on BNB Chain. The partnership with BNB Chain resulted in the issuance of digital tokens representing shares in the fund, supported by DigiFT as the tokenization platform. 

The tokenized fund, officially known as the CMB International USD Money Market Fund, is a sub-fund of the CMB International Open-ended Fund Company that launched in early 2024. As of October 2025, the fund ranks first among Asia-Pacific peers in Bloomberg's money market performance ranking, managing over $3.8 billion in assets under management.

China Merchants Bank, established in 1987 and headquartered in Shenzhen, operates as one of China's largest joint-stock commercial banks with total assets exceeding $1 trillion. The bank's Hong Kong subsidiary, CMB International, serves as its investment banking and asset management platform for international markets. 

The tokenization initiative represents a significant step in bringing traditional finance assets onto blockchain infrastructure. Through the partnership, CMB International aims to leverage blockchain technology to enhance accessibility and efficiency in fund management operations. The move positions the Chinese banking giant among the early adopters of tokenized traditional finance products in the Asia-Pacific region.

BNB Chain, the blockchain network originally developed by crypto exchange Binance, has been actively pursuing partnerships with traditional financial institutions to expand its ecosystem beyond crypto-native applications. The collaboration with CMB International marks one of the largest traditional finance tokenization projects on the BNB Chain platform to date. 

The tokenization allows for programmable features and potentially enhanced liquidity compared to traditional fund structures. The development represents a notable milestone for both institutional adoption of blockchain technology and the integration of conventional banking products with decentralized infrastructure.