Maybank Asset Management Singapore has partnered with Marketnode and BNP Paribas Securities Services to launch a tokenized version of the Maybank Money Market Fund (MMF). Marketnode is responsible for the tokenization and distribution, with BNP Paribas acting as the transfer agent.
After tokenization, the fund will be more accessible, practical, and transferable, and the three parties are also exploring the potential of using the fund and other tokenized assets as collateral. Marketnode uses its Gateway platform to support tokenization on multiple permissionless blockchains. According to the prospectus, the fund's Class T share tokens will be available on Polygon, Solana, Stellar, and XRP Ledger.
Ivan Won, head of product and markets at Maybank Asset Management Singapore, said the partnership reflects the company's commitment to innovation as Singapore's financial sector rapidly moves towards a tokenized future.
Maybank partners with Marketnode and BNP Paribas to launch a tokenized money market fund
2025-10-30 21:36:25
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