State-Backed Chinese Firm CMBI Tokenizes Its Top-Ranked USD Fund on Solana
- CMBI and DigiFT launched a tokenized RWA in Hong Kong and Singapore.
- DigiFT holds an RWA exchange license that allows it to operate in Singapore.
- The tokenized RWA eliminates historical bottlenecks in the digital assets industry.
Hong Kong-based CMB International Asset Management Limited has collaborated with DigiFT to tokenize the CMB International USD Money Market Fund. This is a major move, as CMBI is a state-backed Chinese entity, signaling a serious push into the world of tokenized real-world assets (RWAs).
In a recent announcement, the asset manager noted that DigiFT leveraged the mutual recognition of the Fund in both Hong Kong and Singapore, and issued a token product linked to the performance of the CMB International USD Money Market Fund.
CMBI is a force in the APAC region
The new tokenized product is linked directly to the performance of the CMB International USD Money Market Fund and is being issued with support from both DigiFT and OnChain, an RWA service provider on Solana.
For now, the tokenized fund will be offered exclusively to accredited investors in Singapore via the DigiFT platform. This isn’t just any fund. According to Bloomb…
The post State-Backed Chinese Firm CMBI Tokenizes Its Top-Ranked USD Fund on Solana appeared first on Coin Edition.
Read More
Chainlink Whales Pile In as Analysts Eye $200 Price Target
State-Backed Chinese Firm CMBI Tokenizes Its Top-Ranked USD Fund on Solana
- CMBI and DigiFT launched a tokenized RWA in Hong Kong and Singapore.
- DigiFT holds an RWA exchange license that allows it to operate in Singapore.
- The tokenized RWA eliminates historical bottlenecks in the digital assets industry.
Hong Kong-based CMB International Asset Management Limited has collaborated with DigiFT to tokenize the CMB International USD Money Market Fund. This is a major move, as CMBI is a state-backed Chinese entity, signaling a serious push into the world of tokenized real-world assets (RWAs).
In a recent announcement, the asset manager noted that DigiFT leveraged the mutual recognition of the Fund in both Hong Kong and Singapore, and issued a token product linked to the performance of the CMB International USD Money Market Fund.
CMBI is a force in the APAC region
The new tokenized product is linked directly to the performance of the CMB International USD Money Market Fund and is being issued with support from both DigiFT and OnChain, an RWA service provider on Solana.
For now, the tokenized fund will be offered exclusively to accredited investors in Singapore via the DigiFT platform. This isn’t just any fund. According to Bloomb…
The post State-Backed Chinese Firm CMBI Tokenizes Its Top-Ranked USD Fund on Solana appeared first on Coin Edition.
Read More