CMB International Launches $3.8B Money Market Fund on BNB Chain

China Merchants Bank affiliate CMB International launched its $3.8 billion Money Market Fund on the BNB Chain, bringing traditional finance and blockchain closer together. Through a transparent and secure blockchain network, the move enables investors to access the fund, providing quicker transactions and more efficiency. CMB International wants to make fund management more approachable and digitally savvy by utilising BNB Chain’s smart contract capabilities. Major financial institutions are increasingly adopting blockchain technology to update their existing offerings, as seen by the introduction. It also shows how banks are experimenting with blockchain to increase trust, liquidity, and creativity, gradually erasing the distinction between traditional banking and decentralised technology.