What happened?
Maybank, BNP Paribas and Marketnode launched Maybank’s Money Market Fund on-chain using Marketnode’s Gateway tokenization platform. BNP Paribas will act as transfer agent while Marketnode provides interoperable issuance and management across multiple networks. The move builds on Singapore’s push for regulated tokenization and signals growing institutional adoption of tokenized funds.
Who does this affect?
Retail and institutional investors in Asia could get easier and faster access to money market funds via on-chain shares. Banks, fund managers, custodians and transfer agents will need to update processes and infrastructure to support tokenized products. Crypto infrastructure providers and regulators in Singapore and the region will also be directly involved as they set standards and oversight for these offerings.
Why does this matter?
Tokenizing a mainstream money market fund can reduce frictions, speed up settlement and expand liquidity by making shares more accessible and tradable. If large banks keep launching tokenized funds, it could shift where short-term cash is parked, disrupt traditional distribution and custody models, and attract new capital into tokenized real-world assets. Broad adoption in regulated hubs like Singapore would help build interoperable markets, push competitors to innovate, and gradually change pricing, transparency and operational costs across the funds industry.