Solana News Today: CMB International Launches Tokenized USD Fund on Solana and Major Chains

CMB International has introduced a tokenized USD Money Market Fund, marking a significant advancement in blending traditional finance with blockchain infrastructure. The fund, available across Solana, Ethereum, Arbitrum, and Plume, represents the first publicly offered money market fund on Solana recognized by regulators in both Hong Kong and Singapore [1]. This development underscores growing institutional interest in tokenized financial products and highlights the role of blockchain in enhancing liquidity and accessibility for traditional asset classes [2].

The initiative is a joint effort between CMB International and DigiFT, with the latter overseeing on-chain issuance and distribution. DigiFT’s platform enables real-time liquidity through proprietary smart contracts, allowing investors to redeem their holdings instantly via fiat or stablecoins [3]. CMB International, meanwhile, manages the underlying fund, which is already ranked first among Asia-Pacific peers by Bloomberg as of July 31 [4]. The collaboration aims to streamline compliance processes and improve investor access, bridging the gap between traditional markets and decentralized systems [5].

Investors can now access the fund using either traditional fiat or blockchain-based stablecoins, providing a flexible and efficient investment mechanism. The tokenization leverages smart contracts to represent fractional ownership, enabling broader participation and transparency [6]. The fund's availability on multiple chains enhances its interoperability, allowing for seamless cross-chain transfers and expanded market reach [7].

The launch follows similar moves by major asset managers, including Franklin Templeton and BlackRock, who have also introduced tokenized money market funds on Solana and other blockchains. These initiatives indicate a broader trend toward tokenizing traditional assets, driven by demand for faster settlement times, improved liquidity, and enhanced transparency [8]. CMB International’s entry into this space positions the firm as a pioneer in leveraging blockchain for institutional-grade financial products [9].

By launching a tokenized fund on a high-performance blockchain like Solana, CMB International and DigiFT demonstrate the feasibility of using decentralized infrastructure for regulated financial instruments. The move also reinforces Solana’s growing reputation as a preferred network for financial applications, supported by increasing institutional adoption and interoperability across multiple chains [10].

Source:

[1] https://crypto.news/cmb-international-usd-money-market-fund-launches-as-a-tokenized-product-on-chain/

[2] https://www.ainvest.com/news/solana-news-today-cmbi-digift-tokenize-usd-money-market-fund-multiple-chains-2508/

[3] https://www.livebitcoinnews.com/cmbi-pioneers-first-tokenized-fund-on-solana-with-digift-partnership/

[4] https://cryptorank.io/news/feed/3c3b9-state-backed-chinese-firm-cmbi-tokenizes-its-top-ranked-usd-fund-on-solana

[5] https://blockonomi.com/cmbis-usd-money-market-fund-now-live-across-solana-ethereum-arbitrum-and-plume/

[6] https://www.linkedin.com/posts/solana-foundation_breaking-news-cmb-international-brings-their-activity-7361177****11728896-XxOE

[7] https://coingape.com/markets/solana-price-targets-300-as-cmb-fund-tokenization-sparks-cup-and-handle-breakout/

[8] https://www.ainvest.com/news/solana-sol-usd-surges-18-big-2508/

[9] https://www.facebook.com/manuel.guevarra.369210/posts/cmb-international-asset-management-has-teamed-up-with-singapore-based-digift-to-/744645328448678/

[10] https://www.mitrade.com/au/insights/news/live-news/article-3-1037050-20250814