Maybank Asset Management Singapore has introduced tokenized access to
the Maybank Money Market Fund (MMF). It partnered with Marketnode for tokenization and as authorized distributor and BNP Paribas Securities Services (SS) as transfer agent. As with other tokenized MMFs key benefits include expanded accessibility, utility and transferability. The organizations are also exploring the potential usage of the MMF and other tokenized assets for collateral purposes.
“This partnership reflects our commitment to innovation and our desire to leverage on technology as we venture into a tokenised future – one that the Singapore financial industry is rapidly embracing,” said Ivan Won, Head of Product & Marketing at Maybank Asset Management Singapore.
Marketnode is using its Gateway offering, which supports tokenization on various permissionless blockchains. According to the prospectus, the T class share tokens for the Maybank MMF will be available on Polygon, Solana, Stellar and XRP Ledger.
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