CMB International (CMBI), a major Asia-based asset manager under the Chinese bank Merchants paper. CMBI has made its HK-Singapore Mutual Recognition Fund tokenizable at the Solana blockchain. DigiFT and OnChain launched the tokenised unit (CMBMINT) with distribution and technical assistance. CMB International (CMBI): Asset manager with blockchain rails incorporated in the distribution of funds and all peripheral activities. Solana: performance L1 deployed for the issuance, transfer and corporate actions. Widely known for sub-second finality, near-zero fees, and parallelized execution. DigiFT: Singapore-based, regulated company that trades in tokenized securities / RWA placement, and KYC / AML-compliant onboarding of investors. OnChain: Infrastructure provider that can assist with tokenization flows and registry logic and operational tooling. CMB international has tokenized its HK-Singapore mutual recognition fund. The asset is listed on Solana blockchain as CMBMINT. DigiFT and OnChain assisted the process. This is the first of its kind public Solana-based mutual fund. The action combines conventional monetary finance and blockchain. Solana: Fast and cheap Solana offers low prices and high speed. Solana performs 65,000 transactions per second. It is a Proof of History based on Proof of Stake. It processes more than 65 million transactions each day. This provides the investors with speed and cheaper enabling access to funds. It is excellent to use tokens as it is swift and inexpensive. Support in Tokenization offered by DigiFT and OnChain It serves in the tokenization of real assets. OnChain helps to integrate and distribute (technically). Collectively, they allowed CMB International to come up with CMBMINT. Their alliance indicates an increasing institutional confidence on blockchain finance. The fund exists on the basis of the HK-Singapore Mutual Recognition of Funds. The CSRC and SFC began this scheme in 2015. It has facilitated interstate investment in funds to the tune of more than 20 billion dollars. Under this framework, tokenizing increases the levels of liquidity and access. Importance to the Asian Financial MarketsIt is a benchmark in the asset management market of Asia. It is an indication of the use of blockchain in the distribution of funds in the contemporary world. The move by CMB international could be of influence to other projects. So why Solana to replenish the funds? Scale and speed: Solana consistently achieves 10s of thousands of transactions per second with <1 second latency; network metrics 2024 indicate ~ 65M transactions/day, enabling high-frequency operational situations (e.g. NAV moves, transfer prohibitions, corporate actions). Cost Profile: Inexpensive, organised predictable costs, which minimise frictions (example whitelisting, compliance checks, unit transfers). Progammability: Smart-contract rails allow embedded compliance, time-dependent locks, role-based permissions and automated distribution logic. Lifecycle on-chain: KYC/AML considerations (KYC/AML onboarding), primary and secondary transfers/settlements within a whitelist of wallets, redemptions, and corporate actions (e.g. distributions) are ALL possible on Solana. What It Will make Possible Next? Fractionalization & Market Access: The reduced ticket size and programmability of ownership opens up opportunities to a wider investor base within channels which have compliant structures. Interoperable RWAs: Opportunities to sit between other tokenized instruments such as T-Bills, MMFs, bond funds, to form on-chain portfolios.
XRP vs. SWIFT: Why Ripple’s Courtroom Decision Could Be SWIFT’s Next Big Problem
1 hour ago
Solana price pushes past $200 on increased institutional confidence
1 hour ago
Chainlink breaks from key support as bulls target $30
1 hour ago
Here’s What 10M, 100M, and 500M Shiba Inu Could Earn You by 2050
1 hour ago
Fake TradingView Ads Offer "Free Premium"—and Deliver Malware Instead
1 hour ago
Top 3 Price Prediction: BTC and XRP stabilize, ETH nears all-time high
1 hour ago