China Merchants Bank Tokenizes $3.8B Fund on BNB Chain in Hong Kong

Why It Matters

The deal signals growing institutional adoption of tokenized funds in Asia, promising greater liquidity and secondary-market access while raising regulatory and custody considerations for traditional asset managers and investors.

Summary

China Merchants Bank International (CMBI) has tokenized a HK$3.8 billion (about $3.8B) fund on Binance’s BNB Chain in Hong Kong, marking a high-profile move into blockchain-based asset tokenization. The initiative follows CMBI’s prior tokenization with Singapore’s DigiFT on Solana in August, underscoring the bank’s multi-chain approach to digital securities. The deal signals growing institutional adoption of tokenized funds in Asia, promising greater liquidity and secondary-market access while raising regulatory and custody considerations for traditional asset managers and investors.