China Merchants International has launched a $3.8 billion money market fund on the BNB Chain, aiming to enhance the blockchain's real-world asset ecosystem. This development has attracted significant interest from institutional investors, despite BNB experiencing a cooling phase with an 8% weekly decline and $1.8 billion in realized profits.
BNB remains the only top-five cryptocurrency to post a positive return in October, achieving a 17% increase. This growth is supported by robust on-chain activity and a rise in total value locked to nearly $9 billion. The new fund is expected to accelerate capital inflow onto the BNB Chain, further boosting its development.
China Merchants International Launches $3.8B Fund on BNB Chain
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