The implementation of the Genius stablecoin bill in the United States and the entry into force of the Hong Kong stablecoin regulations on August 1st have ushered in a period of rapid and vigorous development for RWA! As one of the leading players in the RWA public chain, Plume has just announced a significant achievement that could be a true turning point in the RWA field. For all those who are concerned about the future development of finance, this is a milestone event. Simply put, Plume helped CMB International Asset Management (a wholly-owned subsidiary of China Merchants Bank) successfully tokenize a money market fund. This matter has significant implications for the development of the industry, as it is the first fund of its kind to receive regulatory compliance certification from both Hong Kong and Singapore. Think about it - both major financial centers in Asia have given the green light for an RWA product running on a public chain! This is not just a small-scale pilot project, but a successful operation of a regulated, cross-border financial product on the Web3 public chain. It proves that you can move serious, institutional level products from traditional financial TradFi onto professional RWA public chains like Plume without any discounts on compliance and security. As an investor in Plume, the strong cooperation between CMB International and Plume is a huge recognition of the Plume public chain. This proves that Plume is not just an RWA L1 public chain with strong technical capabilities. It is also a network that can meet the strict technical, compliance, and operational requirements of financial regulatory agencies. We have been closely monitoring the RWA track recently, and this is the blueprint I have been waiting for. Plume showed us the beauty of RWA public chain's future innovation collaboration: one ️⃣ Regulatory recognition: The fund has obtained approval from multiple jurisdictions. two ️⃣ Multi chain deployment: Assets can be used on different blockchains. three ️⃣ Seamless circulation: enables easy conversion between fiat and stablecoins. four ️⃣ On chain liquidity: paves the way for on chain liquidity management. This collaborative project is an excellent example of the partnership between TradFi and decentralized finance DeFi. Plume is becoming a model for RWA to embrace compliance, consolidating Plume's position as an institutional trust network. After the completion of the pilot project of US treasury bond bonds, it has now been endorsed by the Hong Kong Singapore Mutual Recognition Fund. It seems that Plume is quietly becoming the first choice for the government and large institutions to enter the RWA field. The question is, who will be the next entrant? european union? Or the Federal Reserve? Worth looking forward to! 🧐