Solana News Today: CMBI and DigiFT Tokenize USD Money Market Fund on Multiple Chains

CMB International Asset Management (CMBI) has partnered with Singapore-based regulated real-world asset (RWA) exchange DigiFT to tokenize a USD Money Market Fund, marking a significant step in the integration of traditional finance and blockchain technology [1][2]. The tokenized fund is available on multiple blockchains, including Ethereum, Solana, Arbitrum, and Plume, offering investors a novel way to access institutional-grade assets [3][4]. This initiative targets accredited investors and does not involve creating a new share class but rather tokenizes an existing one [1].

The tokenized fund, named CMBMINT, is designed to provide a digital representation of the fund's underlying assets, enabling fractional ownership and real-time settlement across jurisdictions [6]. By leveraging blockchain’s cross-border capabilities, the move enhances financial accessibility and aligns with CMBI’s strategic goals to innovate within the asset management sector [5]. The collaboration also highlights the growing institutional acceptance of blockchain technology, particularly among regulated financial players [4].

DigiFT, as the licensed platform facilitating this tokenization, ensures compliance with relevant financial regulations while enabling seamless multi-chain deployment. The initiative supports broader trends in asset tokenization, where traditional financial instruments are represented digitally to improve efficiency, transparency, and liquidity [2]. Analysts suggest that such projects may contribute to increased Total Value Locked (TVL) on the associated blockchains and demonstrate the potential for compliant digital asset management [6].

The tokenization of the USD Money Market Fund is part of a larger movement within the financial industry to adopt blockchain-based solutions. CMBI’s initiative reflects its position as a pioneer in multi-chain fund distribution, while DigiFT’s prior engagements with other financial institutions highlight its capability to scale tokenized products [3]. The project also signals a shift toward more inclusive and interoperable financial systems, with OnChain and other infrastructure providers supporting the deployment [6].

The collaboration has been covered by multiple outlets, emphasizing its strategic significance. The news appears in LedgerInsights, CoinEdition, Coinpedia, and others, reflecting the cross-border nature of the innovation and its relevance to global finance [1][2][3][5].

Source:

[1] CMB Intl Asset Management launches tokenized MMF with ... (https://www.ledgerinsights.com/cmb-intl-asset-management-launches-tokenized-mmf-with-digift/)

[2] State-Backed CMBI Tokenizes Its Top-Ranked USD Fund (https://coinedition.com/state-backed-chinese-firm-cmbi-tokenizes-its-top-ranked-usd-fund-on-solana/)

[3] CMBI and DigiFT Roll Out Multi-Chain Tokenized USD Fund (https://coinpedia.org/crypto-live-news/cmbi-and-digift-roll-out-multi-chain-tokenized-usd-fund/)

[4] CMBI's USD Money Market Fund Now Live Across Solana, ... (https://blockonomi.com/cmbis-usd-money-market-fund-now-live-across-solana-ethereum-arbitrum-and-plume/)

[5] State-Backed Chinese Firm CMBI Tokenizes Its Top- ... (https://cryptorank.io/news/feed/3c3b9-state-backed-chinese-firm-cmbi-tokenizes-its-top-ranked-usd-fund-on-solana)

[6] CMB International tokenizes its HK–Singapore Mutual Recognition Fund on Solana as CMBMINT, with DigiFT and OnChain supporting (https://coinfomania.com/vivopower-acquires-ripple-shares-for-xrp-exposure/)