The Hong Kong branch of China Merchants Bank has tokenized a $3.8 billion money fund on the BNB Chain, marking a significant move in the digital asset space. CMB International Asset Management (CMBI) introduced two tokens, CMBMINT and CMBIMINT, which are available for purchase with fiat or stablecoins and can be redeemed through DigiFT. These tokens will be integrated with DeFi applications, including lending protocols, via OnChain. This development comes after a similar real-world asset (RWA) tokenization on Solana in August. Despite unofficial guidance from the China Banking and Insurance Regulatory Commission (CBIRC) to pause RWA projects in Hong Kong, CMBI proceeded with the launch in early 2024. Since April, CMBI's assets under management have increased from $2.9 billion to $3.8 billion.