Key Takeaways
- • Maybank Asset Management Singapore expanded distribution of its tokenised Singapore dollar money market fund through Synthesys Network, a Singapore-based platform connecting regulated distribution channels with tokenised investment products, reaching over 80 distribution channels globally.
- • The tokenised Singapore dollar share class, launched a year ago, is positioned as the first tokenised money market fund share class denominated in Singapore dollars and addresses growing demand for non-US dollar cash management solutions in digital markets.
- • The fund targets payment providers, platforms, and brokers transacting in Singapore dollars, enabling them to generate returns on idle cash balances rather than leaving funds dormant.
- • Maybank Asset Management Group manages 42.7 billion ringgit (US$10.7 billion) in assets under management as of end-August 2026, with CEO Hisham Hamzah characterizing tokenisation as having "the potential to reshape how investment products are distributed and accessed across global markets."
Summary
Maybank Asset Management Singapore has widened the distribution footprint of its tokenised Singapore dollar money market fund by integrating with Synthesys Network, a regulated platform designed to connect digital distribution channels with tokenised investment products. The expansion, announced on October 1, 2026, leverages Synthesys's reach across more than 80 global distribution channels, including banks, payment service providers, fintech companies, and other regulated financial institutions.
The tokenised Singapore dollar share class of the Maybank Money Market Fund represents the first such offering denominated in the regional currency and addresses a strategic gap in the market for non-US dollar cash management products. The fund was originally launched a year prior by Maybank's Singapore unit and is designed specifically for payment providers, platforms, and brokers that transact in Singapore dollars. By tokenising the fund, Maybank enables these intermediaries to deploy idle cash balances into a yield-generating instrument, converting dormant liquidity into productive assets.
Maybank Asset Management's expansion reflects broader institutional interest in blockchain-based securities distribution and the potential for tokenisation to streamline investment product accessibility across markets. CEO Hisham Hamzah framed the initiative within a larger thesis, stating that tokenisation "has the potential to reshape how investment products are distributed and accessed across global markets." The parent Maybank Asset Management Group operates with 42.7 billion ringgit (US$10.7 billion) in total assets under management as of August 2026, positioning the firm as a significant regional asset manager.
The tokenised Singapore dollar share class of the Maybank Money Market Fund represents the first such offering denominated in the regional currency and addresses a strategic gap in the market for non-US dollar cash management products. The fund was originally launched a year prior by Maybank's Singapore unit and is designed specifically for payment providers, platforms, and brokers that transact in Singapore dollars. By tokenising the fund, Maybank enables these intermediaries to deploy idle cash balances into a yield-generating instrument, converting dormant liquidity into productive assets.
Maybank Asset Management's expansion reflects broader institutional interest in blockchain-based securities distribution and the potential for tokenisation to streamline investment product accessibility across markets. CEO Hisham Hamzah framed the initiative within a larger thesis, stating that tokenisation "has the potential to reshape how investment products are distributed and accessed across global markets." The parent Maybank Asset Management Group operates with 42.7 billion ringgit (US$10.7 billion) in total assets under management as of August 2026, positioning the firm as a significant regional asset manager.
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