đ TradFi Meets DeFi: Chinaâs $3.8B Leap into Blockchain đ
China Merchants Bank International (CMBI), one of the countryâs largest state-backed institutions, has officially tokenized $3.8 billion from its traditional money market funds â built on the BNB Chain via Singaporeâs DigiFT platform. đ„
This marks a groundbreaking fusion of traditional finance and DeFi, allowing investors to buy tokenized fund shares using stablecoins with instant settlement and full transparency. đŠđ°
These tokens can now be used as collateral in DeFi protocols like Venus â unlocking real-world liquidity, boosting adoption, and fueling the next wave of on-chain finance. đ„
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