BNB stayed close to $1.190 after China Merchants Bank International turned its $3.8 million U.S. dollar money market fund into digital tokens on BNB Chain. The step links a traditional fund to the blockchain and lets big investors move cash in and out through the same network. Treasury staff, derivatives traders and custodians now interact with a product that records every transaction on a public ledger while still trading like a money market fund.
CMB International released the tokenized fund on 15 October 2025. Investors buy or sell units under the tickers CMBMINT and CMBIMINT, paying either regular dollars or stablecoins. DigiFT or OnChain supply the software, and smart contracts handle deposits and withdrawals so redemptions settle faster than through legacy systems.
Tokenization means the bank’s claim on the fund is split into digital tokens that trade and also settle on chain, bringing fund operations onto a transparent ledger.
The keys to BNB’s positioning
After a market-wide sell-off dragged BNB down to $1.145, the price bounced and traded between $1.180 and $1.220, with most bids clustered around $1.190–$1.195. Daily turnover ranged from $8 million to $11 million, signaling steady activity around the launch.
A mainstream bank now runs part of its treasury on BNB Chain, offering a reference point for peers watching tokenized real-world assets. Tokens trade day and night, so spot and derivative books gain an additional asset that can deepen market depth across venues.
Treasury teams must audit smart contract code and verify the custody path end-to-end, coordinating controls both on-chain and off-chain.
Fiat and stablecoin subscriptions require the bank, the blockchain platform or the custodian to share KYC alongside AML data to maintain regulatory standards.
The event fixes BNB Chain as one of the ledgers where large managers park tokenized real-world assets, with BNB itself stabilised near $1.190. The next test is the full hook up of DigiFT’s liquidity pool, which will decide how quickly other institutions follow.
