China Citic Bank International first introduces fund tokenization! Solana, DigiFT, and OnChain jointly operate the RWA showcase.

On August 8, 2025, CMB International, a subsidiary of China Merchants Bank, announced a collaboration with the compliance exchange DigiFT in Singapore and the blockchain technology service provider OnChain to tokenize a Hong Kong-Singapore mutual recognition US dollar money market fund, issuing CMBMINT on-chain. This marks the first tokenization case of RWA (Real World Assets) led by a cross-regional financial giant, combining public chains and compliance regulation, and becomes the first tokenized public sale fund product on the Solana blockchain. Following the news, Solana's price surged 15% within 24 hours and broke the $200 mark within three hours.

CMBMINT: From Traditional Funds to On-chain Assets

The tokenized underlying asset is the CCB International USD Money Market Fund, established in February 2024, with 70% of the funds allocated to short-term high-quality USD deposits, treasury bills, and commercial paper, and 30% allocated to short-term capital and high-quality money market instruments denominated in non-USD currencies.

Annualized yield: Maintain above 4% in the long term

Regulatory framework: Hong Kong and Singapore mutual recognition, dual regulation

Investor Positioning: Qualified professional investors (initial phase limited to Singapore accredited investors subscribing through DigiFT)

In terms of technical implementation, DigiFT issues tokens linked to the net asset value of the fund, with each token representing a share of the fund and enjoying the right to income. CMBMINT will deploy multi-chain on Solana, Ethereum, Arbitrum, and Plume Network, pioneering the multi-chain issuance of public sale fund tokens.

Technical Details: OnChain's On-Chain Security and Liquidity Design

OnChain integrates the tokenization process into its self-developed on-chain capital market infrastructure, adopting the Solana Token-2022 standard and SPL dual-standard architecture, and introduces a "transfer hook" mechanism to ensure that tokens can only be redeemed through contracts, eliminating private transfers.

Security Architecture: Permission Isolation + Whitelist Control + Real-time Asset and Permission Scanning

Liquidity Management: Tiered Liquidity Pools + Instant/Delayed Redemption Dual Mode

Net asset value anchoring: An instant update mechanism to avoid traditional fund settlement delays.

This design not only ensures asset security and Compliance but also provides on-chain funds with immediate liquidity and transparency.

Behind the Operator: DigiFT and OnChain

1. DigiFT:

· Singapore licensed on-chain exchange, possessing dual licenses of RMO (Recognized Market Operator) and CMS (Capital Markets Services)

· Founder Henry Zhang has 13 years of experience as a senior executive in foreign banks.

· Launched the world's first compliant on-chain AMM and tokenized US Treasury bond certificates

· Obtain a digital asset custody license in Singapore in 2025,完善 RWA全流程服務

2、OnChain

· Team members come from Goldman Sachs, ByteDance, Tencent, and others, possessing both traditional finance and blockchain backgrounds.

· Collaborate with CMBI, UBS, Invesco, etc., to provide on-chain solutions for currency funds, bond funds, and non-standard fixed income.

· Plan to support global ETFs and mainstream stock market on-chain investments in the future.

Chiyu International's Blockchain Layout: From Underlying Technology to Virtual Asset License

2017–2018: Invested in Secretive Technology (CITA Framework), Nervos Network, laying out the underlying public chain.

2019–2022: Launched a $50 million ecosystem fund InNervation with Nervos, investing in DeFi, NFTs, Layer1/Layer2.

2022–2025: Entering the virtual asset services, obtaining the first virtual asset trading license for a Chinese-funded brokerage in Hong Kong in July 2025.

The issuance of CMBMINT this time is the concentrated implementation of Changjiang International's years of blockchain strategy.

RWA Major Trend: Asian Financial Institutions Lead the Way

This collaboration demonstrates the RWA implementation model powered by the synergy of regulation + assets + technology. With Hong Kong and Singapore continuously introducing supportive policies, Asian financial institutions are becoming the core driving force of global RWA innovation. In the future, more cross-border and cross-chain asset tokenization projects will emerge, accelerating the integration of traditional finance and Web3.

Conclusion

CMBMINT is not only the first fund tokenization attempt by CMB International, but also a landmark event in the deep integration of traditional finance and public chain ecology. From compliance regulation to multi-chain deployment, from underlying security to liquidity design, this RWA experiment jointly operated by CMB International, DigiFT, and OnChain may become a new model for asset tokenization in Asia.