Marketnode announced it will be working with Maybank Asset Management Singapore to bring its money market fund (MMF) on-chain. BNP Paribas’ Securities Services business will serve as the transfer agent, underscoring how tokenization can integrate into existing capital markets infrastructure.
Marketnode’s modular platform, Gateway, will provide the core tokenization architecture, to enable greater efficiency, transparency, and connectivity across the investment value chain. The platform supports both EVM and non-EVM networks with recent integrations including Solana, Stellar and XRP Ledger.
Andrew Scott, head of Digital Assets at Marketnode, said in a statement: “By bridging infrastructural gaps and uniting expertise across our partners, we are defining what the next generation of trusted, interoperable markets can look like in Asia.”
“This enhances modern day investors’ access to our products,” said Ivan Won, head of Product & Marketing at Maybank Asset Management Singapore, in a statement. “This partnership reflects our commitment to innovation and our desire to leverage on technology as we venture into a tokenized future – one that the Singapore financial industry is rapidly embracing.”
Luc Renard, head of Southeast Asia for BNP Paribas Securities Services, said in a statement: “As tokenization of money market funds gains attention for their potential growth and reach, financial services have an increasingly important role to drive the next stage of development. To support this, we are proud to put our on-the-ground specialist teams, global operating model, and technology-driven approach in collaboration with Maybank Asset Management Singapore.”
There are also plans to expand tokenization capabilities across additional fund portfolios and explore new collateral use cases.