Maybank Launches Tokenized On-Chain Money Market Fund with Marketnode and BNP Paribas

Core Insights - Maybank and BNP Paribas have partnered with Marketnode to launch Maybank's Money Market Fund on-chain, representing a significant advancement in tokenized investment products [1][2] - The collaboration aims to enhance accessibility and transparency in traditional investment products through fund tokenization [2][7] - Singapore is emerging as a global hub for regulated tokenization, particularly in the funds and fixed-income sectors, with financial institutions exploring blockchain solutions [3] Tokenization Architecture - The project will utilize Marketnode's Gateway platform as the core tokenization architecture, enabling interoperable issuance and management of digital assets across various networks [4][5] - Gateway has integrated with networks such as Solana, Stellar, and XRP Ledger, showcasing its versatility [4] Industry Evolution - Marketnode is supported by major financial institutions like Euroclear, HSBC, SGX Group, and Temasek, and is expanding its infrastructure to facilitate the transition to blockchain operations [6] - The initiative aligns with Singapore's regulatory support for tokenization under Project Guardian, which aims to enhance interoperability and risk management in tokenized capital markets [7] Strategic Focus - BNP Paribas emphasizes its commitment to tokenization, recognizing the potential growth of money market funds and the bank's role in advancing this development [8]