Malaysian multinational bank Maybank and BNP Paribas have partnered with Singapore-based digital market infrastructure firm Marketnode to launch Maybank’s Money Market Fund on-chain.

This collaboration marks a significant step in the digitization of traditional financial products, leveraging blockchain technology to offer a tokenized version of the Money Market Fund. By moving the fund on-chain, Maybank aims to enhance transparency, efficiency, and accessibility for investors.

The initiative combines the strengths of Maybank’s extensive financial services, BNP Paribas’s expertise in asset servicing, and Marketnode’s cutting-edge digital infrastructure to bring innovative solutions to the market.

The launch of this tokenized Money Market Fund represents a notable advancement in the integration of traditional banking and digital assets, paving the way for more on-chain financial products in the future.

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