- CMB International and DigiFT tokenized a USD money market fund across Solana, Ethereum, Arbitrum and Plume.
- The product is described as the first publicly offered fund to launch on Solana.
CMB International Asset Management has partnered with Singapore-licensed exchange DigiFT to put the CMB International USD Money Market Fund on-chain and distribute tokenized exposure across Solana, Ethereum, Arbitrum and Plume.
CMB International Asset Management has partnered with Singapore-licensed RWA exchange DigiFT to complete the on-chain tokenization of the CMB International USD Money Market Fund, which will be deployed on the Solana, Ethereum, Arbitrum, and Plume public blockchains. The fund is…
— Wu Blockchain (@WuBlockchain) August 13, 2025
DigiFT issues token linked to CMBI fund with multi-chain deployment and smart-contract redemptions
DigiFT said it has issued a token whose performance tracks the CMB International USD Money Market Fund, enabling investors on its platform to transact against the underlying through a regulated marketplace.
The tokenized product supports subscriptions and redemptions in both fiat and stablecoins and uses liquidity-management smart contracts to facilitate near real-time redemptions.
The exchange emphasized that the offering leverages recognition of the fund in both Hong Kong and Singapore under the cross-border mutual recognition framework, bringing the instrument into an on-chain format without altering the fund’s underlying mandate.
Access on DigiFT is limited to accredited investors in Singapore, aligning with the platform’s licensing and investor-protection requirements.
First publicly offered fund reported on Solana as CMBI expands distribution rails to public chains
The partners describe the product as the first publicly offered fund on Solana, extending distribution beyond private or permissioned networks and onto widely used public chains.
The deployment spans Solana for high-throughput settlement and Ethereum, Arbitrum and Plume for broader interoperability, with the intent to meet investors on their preferred rails.
For asset managers, tokenizing a conventional money market fund on multiple public chains could streamline transfer, settlement and registrar functions while maintaining the fund’s portfolio within existing rules for short-duration US dollar instruments.
By placing the token on several chains at once, CMBI and DigiFT can route secondary trading and settlement through different ecosystems while preserving a single source of truth at the fund level.
Operationally, DigiFT’s model keeps issuance and redemption synchronized with off-chain records and applies compliance checks at onboarding and transaction levels.
The approach aims to reduce reconciliation frictions between fund administrators, custodians and on-chain registries, and to compress settlement cycles for redemptions during liquidity events in short-term markets.
While tokenized money market exposures have been available on Ethereum from other issuers, the CMBI partnership introduces a publicly offered instrument to Solana’s user base and creates a multi-chain template that other fund sponsors could adapt under local regulatory permissions.
Market participants will watch how assets under administration, secondary liquidity and cross-chain settlement performance evolve as the product seasons on the four supported networks.
At the time of writing, USD Coin (USDC) is trading at approximately $0.9998, reflecting a slight decrease of 0.01% over the past 24 hours.
The 24-hour trading volume stands at around $20.7 billion, with a market capitalization of approximately $66.3 billion. The price has remained relatively stable, with a daily trading range between $0.9991 and $1.0007.
