BNB Chain gains institutional momentum as China Merchants Bank launches tokenized fund, while technical charts show strong support zones above $1,100.
Binance Coin (BNB) continues to consolidate around the $1,190 level, maintaining stability despite recent market volatility. The move comes as China Merchants Bank (CMB) announced the tokenization of a fund on the BNB Chain, signaling growing institutional adoption of blockchain-based financial products. Meanwhile, BNB Chain and Binance have rolled out new confidence-building measures, including a $45 million airdrop and a $400 million “Together Initiative.”
The partnership with China Merchants Bank highlights a significant step toward real-world asset (RWA) tokenization on public blockchains. Analysts say this reflects mainland China’s increasing interest in blockchain efficiency and asset digitization through regulated banking channels. The BNB Chain has positioned itself as a key infrastructure for financial tokenization, offering scalable and cost-efficient solutions for institutional issuers.
Technically, BNB’s price action shows resilience after a sharp correction from the recent high near $1,370, marked as the all-time high (ATH) on the daily chart. The chart reveals strong support zones between $1,120 and $1,050, where buying interest has consistently emerged. A deeper support block sits around $900, aligning with the previous consolidation base formed in late September.
Market data shows that trading volume remains elevated, suggesting continued investor engagement even amid profit-taking. “BNB’s current structure still favors the bulls as long as price holds above $1,100,” BITX market strategist noted, adding that reclaiming $1,250 could open a path toward a retest of the $1,370 ATH.
On-chain metrics also indicate healthy network activity, with increased wallet creation and smart contract deployments following Binance’s ecosystem incentives. The $400 million Together Initiative, aimed at supporting developers and liquidity providers, is expected to boost decentralized applications (dApps) and strengthen long-term network fundamentals.
With BNB holding near key technical support and institutional adoption accelerating, sentiment around the ecosystem remains cautiously optimistic. The tokenization of China Merchants Bank’s fund represents a strong validation of BNB Chain’s enterprise readiness, while liquidity support programs and user incentives help sustain market confidence. As BNB consolidates above $1,100, analysts believe a breakout above $1,250 could confirm renewed bullish momentum heading into Q4
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