Maybank Tokenizes Money Market Fund on Stellar, XRP Ledger, and Solana: A Tokenization Milestone
Maybank’s Bold Tokenization Launch: RWAs Go Live in Late 2025
Maybank Asset Management Singapore has tokenized its Money Market Fund (MMF). It partnered with Marketnode and BNP Paribas. The launch happened on October 30, 2025. Tokens are now on Stellar ($XLM), XRP Ledger, Solana, and Polygon. This is the bank’s first on-chain fund. It boosts accessibility for investors. For beginners, tokenization turns funds into digital shares. These trade instantly. No brokers needed. As Ivan Won, Head of Product & Marketing at Maybank, said, “We’re excited to collaborate with Marketnode and BNP Paribas to bring our Maybank Money Market Fund on-chain.” Moreover, it marks a step toward mainstream adoption. Investors gain utility and transferability.
The Tech Behind It: Marketnode’s Gateway Powers Multi-Chain Magic
Marketnode’s Gateway platform drives the tokenization. It is modular and flexible. The platform supports EVM and non-EVM chains. Recent integrations include Solana, Stellar, and XRP Ledger. Specifically, the T-class share tokens for the MMF are available on these networks. They enable interoperable issuance. Management is seamless. BNP Paribas acts as the transfer agent. This ensures compliance. As Andrew Scott, Head of Digital Assets at Marketnode, noted, “By bridging infrastructural gaps, we define trusted, interoperable markets in Asia.” Additionally, it uses blockchain for efficiency. Transparency improves. Connectivity grows across the investment chain. Therefore, users trade 24/7. Liquidity rises. Fees drop.
Project Guardian’s Backing: Singapore’s Push for Innovation
This project ties into Singapore’s Project Guardian. It is a global initiative. It explores tokenization safely. Maybank’s launch fits the framework. It focuses on compliant RWAs. For instance, the fund holds short-term debt. It offers steady yields like 4-5%. Tokenization makes it fractional. Minimums fall to dollars. As Luc Renard, Head of Southeast Asia at BNP Paribas, said, “We are proud to collaborate with Maybank and Marketnode to stay at the forefront of this evolution.” Furthermore, it tests cross-chain settlements. It reduces risks. It speeds up processes. Thus, traditional investments become modern. They gain blockchain perks.
The Impact: Liquidity, Transparency, and Broader Access
Moreover, the launch enhances liquidity. Assets trade anytime. No market hours limit. Transparency soars. Every trade is traceable. For EU and Asian investors, it’s a win. RWAs now hit $24B globally. Stellar’s share is $639M. This adds momentum. As a result, institutional trading surged 39% in Q3 2025. For $XLM holders, demand grows. More volume means more fees. XLM rose 4% to $0.33 post-news. Hence, even retail users benefit. They access yields without banks. Platforms like Lumexo simplify trades. Low fees apply.
A Tokenized Future: From Pilot to Mainstream
In short, Maybank’s tokenized MMF is pivotal. It blends TradFi with blockchain. Latin America and Asia gain. Adoption speeds up. As Q4 2025 pilots expand, watch volumes climb. Stellar leads the way.