Maybank Launches Tokenized On-Chain Money Market Fund with Marketnode and BNP Paribas
Malaysian multinational financial institution Maybank and BNP Paribas have teamed up with Singapore primarily based digital market infrastructure agency Marketnode to launch Maybank’s Money Market Fund on-chain, marking a serious transfer towards tokenized funding merchandise.
In a an announcement the companies’ stated the collaboration is a step toward mainstream fund tokenization, enhancing the accessibility and transparency of conventional funding merchandise. BNP Paribas will serve as the transfer agent, integrating tokenization seamlessly into present capital markets infrastructure.
The initiative matches Singapore’s growing role as a global hub for regulated tokenization, notably within the funds and fixed-income sectors, the place monetary establishments are actively piloting blockchain-based options to unlock liquidity and automate settlement.
Marketnode’s Gateway Powers Tokenization Architecture
The undertaking will use Marketnode’s modular platform, Gateway, because the core tokenization structure. According to the agency Gateway permits interoperable issuance and administration of digital property throughout each EVM and non-EVM networks, with current integrations together with Solana, Stellar, and XRP Ledger.
“As tokenization accelerates from idea to actuality, the business’s infrastructure should evolve simply as boldly. By bridging infrastructural gaps and uniting experience throughout our companions, we’re defining what the subsequent technology of trusted, interoperable markets can appear like in Asia,” stated stated Andrew Scott, Head of Digital Assets at Marketnode.
Marketnode is backed by Euroclear, HSBC, SGX Group, and Temasek, and is increasing its infrastructure throughout credit score, funds, and structured merchandise, serving to monetary establishments transition to blockchain operations.
Maybank Embraces Singapore’s Tokenized Future
“We are excited to collaborate with Marketnode and BNP Paribas to convey our Maybank Money Market Fund on-chain,” stated Ivan Won, Head of Product & Marketing. “This enhances modern-day buyers’ entry to our merchandise and displays our dedication to leverage expertise as we enterprise right into a tokenized future — one which the Singapore monetary business is quickly embracing.”
This newest launch can even construct on Singapore’s regulatory assist for tokenization underneath Project Guardian, which promotes interoperability and threat administration requirements throughout tokenized capital markets.
BNP Paribas and Institutional Adoption
Luc Renard, Head of Southeast Asia, Securities Services at BNP Paribas, highlights the financial institution’s strategic deal with tokenization. “As tokenization of cash market funds good points consideration for his or her potential development and attain, monetary companies have an more and more vital function to drive the subsequent stage of improvement. We are proud to collaborate with Maybank and Marketnode to remain on the forefront of this evolution,” stated Renard.
Looking forward, the partnership goals to increase tokenization capabilities throughout extra Maybank fund portfolios and discover on-chain collateral use circumstances, paving the best way for a extra environment friendly, versatile, and clear monetary ecosystem.
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