Aug 13, 03:00 AM

CMB International Tokenizes Hong Kong–Singapore USD Money Market Fund on Solana, Ethereum, Arbitrum, Plume; OpenEden Partners with BNY Mellon

CMB International, a leading asset manager in Asia, has partnered with Singapore-licensed real-world asset (RWA) exchange DigiFT to tokenize its USD Money Market Fund. This fund, named CMBMINT, is being deployed across multiple public blockchains including Solana, Ethereum, Arbitrum, and Plume. The initiative marks the launch of the first Hong Kong–Singapore mutual recognition fund on the Solana blockchain, highlighting a notable development in Asia's financial markets. Meanwhile, RWA tokenization platform OpenEden has formed a partnership with BNY Mellon to manage and custody assets backing its Moody's "A"-rated tokenized US Treasury fund, TBILL. KuCoin is also exploring the use of RWA tokens such as RYT as collateral in its Off-Exchange Settlement system, supported by tokenized products from ChinaAMC USD Digital Money Market.