The milestone marks the first money market fund recognised by regulators in both Hong Kong and Singapore.
Real-world asset (RWA) blockchain Plume has announced its role in tokenising the first money market fund recognised by both Hong Kong and Singapore regulators, a milestone that signals a new phase for real-world asset adoption.
CMB International Asset Management (CMBI AM), a wholly owned subsidiary of China Merchants Bank, has tokenised its US Dollar Money Market Fund and deployed it across multiple public blockchains, including Plume.
The initiative pairs the credibility of traditional finance with the efficiency and reach of blockchain technology, creating a regulated cross-border investment product and marking a significant step in demonstrating that institutional-grade financial products can operate on public blockchains.
The tokenised fund is distributed via DigiFT, a licensed exchange regulated by the Monetary Authority of Singapore, with technical integration supported by real-world asset service provider OnChain. By enabling on-chain liquidity management and compliant distribution, Plume aims to drive the next era of capital markets where institutional products are both transparent and widely accessible.
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