Maybank Asset Management Singapore has expanded access to its tokenised Singapore dollar money market fund through Synthesys Network, a tokenisation infrastructure platform connecting regulated financial distributors with digital investment products. The move gives eligible investors access to the tokenised share class through participating banks, payment providers, fintechs and other financial institutions, while extending Singapore dollar cash management capabilities into digital markets.
Key Overview
- Maybank Asset Management Singapore has made its tokenised money market fund accessible through Synthesys Network.
- The fund is denominated in Singapore dollars.
- The tokenised share class was initially announced in October 2025.
- It was described as the first Singapore dollar-denominated tokenised share class of a money market fund.
- Synthesys Network reaches more than 80 distribution channels globally.
- Integrated channels can access the tokenised share class immediately.
- Distribution operates through regulated intermediaries and is subject to investor eligibility and applicable laws.
- Maybank Asset Management Group had RM42.7 billion in AUM at the end of August 2026.
Maybank Expands Tokenised Money Market Fund Access
Maybank Asset Management Singapore is expanding the distribution of its tokenised Singapore dollar money market fund through Synthesys Network.
The tokenised share class of the Maybank Money Market Fund is now accessible through the network, extending the fund’s reach to regulated distribution channels globally.
The fund was initially announced in October 2025 as the first Singapore Dollar-denominated tokenised share class of a money market fund.
The product is designed to bring money market fund exposure into digital markets while supporting on-chain liquidity and Singapore dollar cash management.
Bringing Singapore Dollar Cash Management On-Chain
The tokenised fund is designed to help payment providers, platforms and brokers earn returns on idle Singapore dollar balances while managing cash on-chain.
Its structure combines the investment characteristics of a money market fund with tokenised distribution infrastructure.
The fund is intended to introduce new use cases for on-chain liquidity using a AAA-rated sovereign currency, while giving digital-market participants another way to manage Singapore dollar balances.
The development also reflects the wider move towards using tokenised financial products across multiple currencies rather than focusing exclusively on US dollar-denominated digital assets.
Synthesys Network Connects More Than 80 Channels
Synthesys Network acts as a connectivity layer between regulated distributors and tokenised investment products.
The network currently reaches more than 80 distribution channels globally, including banks, payment service providers, fintechs and other financial institutions.
It allows regulated distributors to connect to tokenised investment products through a single integration.
Channels that are already integrated with the network can access the Maybank tokenised share class immediately.
Distribution of the fund will continue through regulated intermediaries, with access subject to investor eligibility and applicable laws.
Additional distribution channels are expected to be added in the coming months.
Tokenised Money Market Funds Are Expanding
The development comes as tokenised money market funds become a larger part of the digital-asset and investment landscape.
Assets under management in tokenised money market funds increased from an estimated US$4 billion in January 2025 to US$9 billion by December 2025.
The broader market is also beginning to move beyond US dollar products.
Non-US dollar tokenised money market and government debt products are expected to represent another area of growth as treasurers and on-chain platforms seek greater currency diversification.
For Maybank, the Singapore dollar fund provides an opportunity to bring this multi-currency trend into a regulated investment product.
Making Singapore Dollars Available on Digital Rails
Synthesys CEO Darien Poh said the development reflects the transition from predominantly dollar-focused tokenised yield products towards multi-currency assets.
The network enables institutions to access digital rails for Singapore dollar exposure, creating an additional option for diversification and hedging.
This gives investors and financial institutions a way to incorporate Singapore dollar-denominated assets into digital-market strategies while remaining within regulated distribution channels.
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Maybank Sees Growing Demand for Digital Cash Management
Maybank Asset Management Group CEO Hisham Hamzah said tokenisation could reshape how investment products are distributed and accessed across global markets.
The partnership is also intended to respond to growing demand for investment-grade Singapore Dollar cash management solutions in digital markets.
The initiative forms part of Maybank Asset Management’s broader focus on innovation within Singapore’s emerging digital asset ecosystem.
The company is therefore combining its traditional asset management capabilities with tokenisation infrastructure to broaden how investment products can reach investors.
Maybank’s Wider Asset Management Platform
Maybank Asset Management Group is the asset management arm of Malayan Banking Berhad and operates across Malaysia, Singapore and Indonesia.
Its portfolio management services cover corporate and institutional investors, high-net-worth individuals and mass retail investors.
At the end of August 2026, the group had RM42.7 billion in AUM.
The group has also identified expanding regional distribution capabilities and cross-border product distribution as part of its strategic direction.
The tokenised Singapore dollar money market fund adds another digital distribution route to this broader asset management platform.
Regulated Distribution Remains Central
Access to the fund through Synthesys Network will take place through regulated intermediaries.
Investor access remains subject to eligibility requirements and applicable laws, meaning the tokenised format does not remove existing regulatory conditions around investment products.
The network’s role is to provide connectivity between eligible distributors and institutional-grade tokenised products, while compliance and investor eligibility remain part of the distribution framework.
Outlook
Maybank Asset Management’s expansion of its tokenised Singapore dollar money market fund through Synthesys Network marks another step in the development of tokenised investment products beyond US dollar markets.
The fund combines Singapore dollar money market exposure with digital distribution infrastructure, giving regulated financial institutions another tool for cash management and currency diversification.
With Synthesys Network reaching more than 80 distribution channels globally and additional channels expected in the coming months, access to the tokenised share class could continue to broaden.
For Maybank Asset Management, the initiative also strengthens its presence in Singapore’s emerging digital asset ecosystem while connecting its established investment management capabilities with tokenised financial infrastructure.
FAQs
1. What is Maybank’s tokenised money market fund?
It is a Singapore dollar-denominated tokenised share class of the Maybank Money Market Fund, designed to support on-chain liquidity and cash management.
2. When was the tokenised share class first announced?
The share class was initially announced in October 2025.
3. How many distribution channels does Synthesys Network reach?
The network reaches more than 80 distribution channels globally, including banks, payment providers, fintechs and other financial institutions.
4. How much assets under management does Maybank Asset Management Group have?
Maybank Asset Management Group had RM42.7 billion in AUM at the end of August 2026.
Sources: Manila Times | Fintech News Singapore | PR Newswire
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