CMB International, DigiFT, and Plume launch first tokenized money market fund recognized by regulators in Hong Kong and Singapore
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CMB International, DigiFT, and Plume launch first tokenized money market fund recognized by regulators in Hong Kong and Singapore
The future of capital markets is regulated, on-chain, and global.
Navigating Web3 tides with focused insights
Recently, Plume announced its pivotal role in advancing the first money market fund to receive regulatory approval from both Hong Kong and Singapore onto the blockchain. This milestone marks a turning point for real-world asset (RWA) adoption.
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.
Key Highlights
CMB International Asset Management (CMBI AM, a wholly-owned subsidiary of China Merchants Bank) has successfully tokenized its U.S. dollar money market fund and deployed it across multiple public blockchains, including Plume. This is the first fund to gain regulatory recognition from both Hong Kong and Singapore authorities.
This represents a significant step forward in the tokenization of regulated assets, combining the trust of traditional finance with the efficiency and reach of public blockchain infrastructure.
Why This Matters
For Plume, this is not just an infrastructure win—it's proof that its network is now supporting compliant, institutional-grade RWAs at scale.
Plume meets federal-level regulatory requirements for technology, compliance, and operations demanded by today’s cross-border financial products.
With dual recognition from Hong Kong and Singapore, Plume connects two of Asia’s most important financial hubs, establishing a compliant framework for cross-border investment and helping deliver an open infrastructure accessible to diverse investor groups.
The tokenized fund is distributed via DigiFT, a licensed platform regulated by the Monetary Authority of Singapore (MAS), with technical integration support provided by RWA technology provider OnChain.
The Fund’s On-Chain Future
Plume believes regulated assets should exist on public chains and be accessible to global investors. Plume was built precisely to fulfill this vision without compromising compliance or investor protection.
The blueprint is now clear: cross-border recognition, multi-chain deployment, seamless flows between fiat and stablecoins, and on-chain liquidity management.
The future of capital markets is regulated, on-chain, and global.
And it’s happening on Plume.
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