Marketnode Brings Maybank's Money Market Fund On-Chain with BNP Paribas as Transfer Agent
Key points
- Marketnode, Maybank Asset Management Singapore, and BNP Paribas' Securities Services business have collaborated to bring Maybank's Money Market Fund on-chain, with the announcement dated 15 July 2026.
- BNP Paribas' Securities Services business is serving as transfer agent, integrating its existing capital markets role directly into the tokenised fund structure.
- Marketnode's Gateway platform underpins the tokenisation architecture, supporting both EVM and non-EVM networks including Solana, Stellar, and XRP Ledger.
- The partnership intends to expand tokenisation to additional fund portfolios and investigate new collateral use cases beyond the initial MMF deployment.
- The arrangement suggests a replicable model for Singapore's fund industry in which traditional service providers retain functional roles while settlement migrates on-chain.
Marketnode, the Singapore-based digital market infrastructure operator, has announced a collaboration with Maybank Asset Management Singapore to tokenise the latter’s Money Market Fund (MMF) on-chain, with BNP Paribas’ Securities Services business acting as transfer agent. The arrangement marks Maybank Asset Management Singapore’s first on-chain fund product and positions BNP Paribas as a traditional capital markets participant embedded directly into a tokenised structure rather than sitting alongside it.
The tokenisation layer runs on Marketnode’s Gateway platform, a modular architecture that supports both EVM (Ethereum Virtual Machine) and non-EVM blockchain networks, with integrations including Solana, Stellar, and XRP Ledger already in place. The multi-network compatibility suggests the partners are building for distribution across a range of settlement rails rather than committing to a single chain, which reduces counterparty concentration risk for future fund holders and intermediaries.
The partnership is framed as an opener rather than a standalone deployment. The three parties have indicated plans to extend tokenisation across additional fund portfolios and to explore collateral use cases, which implies the immediate commercial logic extends beyond retail access into repo and liquidity management workflows. For operators watching Singapore’s tokenised fund landscape, the BNP Paribas transfer agent role is the structural detail worth tracking: it demonstrates a model where incumbent service providers retain their regulatory function while the asset itself migrates to on-chain settlement.