CMB International, DigiFT, and Plume launch the first on-chain money market fund approved by regulators in both Hong Kong and Singapore.

CN
5 months ago

The future of the capital market is: regulated, on-chain, and globalized.

Recently, Plume announced its core role in driving the on-chain process of the first money market fund to receive recognition from regulatory authorities in both Hong Kong and Singapore. This milestone marks a turning point in the progress of real-world assets (RWA).

Hosting a regulated cross-border money market fund on Plume demonstrates that institutional-grade products can thrive compliantly on public blockchains. This sets a blueprint for the next generation of capital markets.

Core Content

CMB International Asset Management (CMBI AM, a wholly-owned subsidiary of China Merchants Bank) has successfully tokenized its US dollar money market fund, deploying it across multiple public blockchains, including Plume. This is the first fund to receive recognition from regulatory authorities in both Hong Kong and Singapore.

This represents a significant step forward in the tokenization of regulated assets, combining the credibility of traditional finance with the efficiency and reach of public blockchain infrastructure.

Why is this important?

For Plume, this is not just an infrastructure victory; it is empirical evidence that its network is capable of accommodating compliant, institutional-grade RWA on a large scale.

Plume meets the federal-level regulatory requirements for today's cross-border financial products in terms of technology, compliance, and operations.

By obtaining dual recognition from Hong Kong and Singapore, Plume connects two of Asia's most important financial hubs, establishing a compliant cross-border investment framework and working together to deliver an open framework to reach different investor groups.

The tokenized fund is distributed through the licensed trading platform DigiFT, regulated by the Monetary Authority of Singapore (MAS), and is supported by technical integration from RWA technology service provider OnChain.

The On-Chain Future of the Fund

Plume believes that regulated assets should exist on public chains and be accessible to global investors. The original intention of Plume's construction is to fulfill this promise without sacrificing compliance and investor protection.

The blueprint is now clear: cross-border mutual recognition, multi-chain deployment, seamless circulation of fiat and stablecoins, and on-chain liquidity management.

The future of the capital market is: regulated, on-chain, and globalized.

All of this is happening on Plume.

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