Marketnode, a Singapore-based digital market infrastructure operator, has announced a strategic collaboration with Maybank Asset Management Singapore to bring its Money Market Fund (MMF) on-chain — marking a significant step in enhancing the accessibility, utility and transferability of such funds as the financial industry explores the promise of tokenization.

BNP Paribas’ Securities Services business will serve as the transfer agent, underscoring how tokenization can seamlessly integrate into existing capital markets infrastructure， Marketnode said in a statement on Thursday.

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.

“This partnership underscores the power of collaboration across the financial ecosystem,” said Andrew Scott, Head of Digital Assets at Marketnode.

“As tokenization accelerates from concept to reality, the industry’s infrastructure must evolve just as boldly,

“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,” he added.

Ivan Won, Head of Product & Marketing at Maybank Asset Management Singapore, said this partnership enhances modern day investors’ access to the firm’s products.

“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,” he added.

Luc Renard, Head of Southeast Asia, Securities Services, BNP Paribas, commented 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,

“This mandate emphasizes the importance of staying at the forefront of technology to accompany our clients,” he added.

Looking ahead, the partnership will expand tokenization capabilities across additional fund portfolios and explore new collateral use cases to meet the efficiency and flexibility requirements for a capital future that is on-chain, said the statement.

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