CMB International Asset Management and DigiFT have introduced the CMB International USD Money Market Fund as a tokenized product, providing new opportunities for investors in Asia.
Fund Creation and Accessibility
The CMB International USD Money Market Fund is the first publicly offered money market available on platforms like Solana and recognized by regulators in both Hong Kong and Singapore. It was launched through the partnership between CMB International Asset Management and DigiFT, accessible exclusively to accredited investors in Singapore.
Technological Aspects and Real-Time Liquidity
The tokenized product will operate across Solana, Ethereum, Arbitrum, and Plume, offering multi-chain access for investors. DigiFT is responsible for on-chain issuance and distribution, while CMBIAM manages the fund. One of the key features is the ability to transact in both traditional fiat currency and blockchain-based stablecoins. Liquidity is provided through DigiFT’s smart contracts, enabling instant redemption processing.
Impact on Tokenized Fund Market
With the launch of the CMB International USD Money Market Fund on Solana, the funds market gains a new dimension, becoming the first publicly offered fund regulated in Asia. This underscores the growing interest in tokenized funds and their integration into the broader asset market.
The CMB International USD Money Market Fund represents a significant step for asset markets in Asia, enhancing accessibility and convenience for investors through advanced technologies and blockchain integration.
