TechFlow, August 21 — OnChain has partnered with Cactus Custody to tokenize and operate Chiyu International's U.S. dollar money market fund on-chain as a real-world asset (RWA), offering investors an auditable, on-chain investment option. Established on February 2, 2024, the fund ranked first in its category across the Asia-Pacific region on Bloomberg as of July 31, 2025, leading the market with features such as transparency, low volatility, and verifiable net asset value.
This collaboration directly addresses four key pain points in on-chain wealth management: the lack of custodial, audit-compliant cash equivalents on-chain, inefficient switching between bank and on-chain funds, difficulty in unifying risk control and auditing across multiple jurisdictions, and fragmented liquidity across blockchains. OnChain provides RWA onboarding technology services, with net asset values calculated off-chain and periodically published on-chain. Fund share ownership and transfers are controlled via whitelists and quota limits, while proprietary liquidity mechanisms and redemption contracts enhance the redemption experience. Cactus Custody delivers institutional-grade custody, employing multi-layered security measures including multi-approval workflows, multi-signature mechanisms, and cold-hot wallet separation, complemented by daily reconciliations and periodic audits. This ensures accurate record-to-asset alignment, strict segregation between on-chain assets and operational funds, and protection against hacking or internal operational errors—providing OnChain users with bank-level investment security and maximum protection against on-chain volatility and external threats.
More importantly, this initiative goes beyond simply bringing a fund on-chain; it establishes a replicable RWA template. By successfully implementing the full process with a money market fund, the model can be extended to asset pools such as bills, short-term bonds, and passive products, enabling the development of a sustainable RWA product line and enriching the on-chain wealth management ecosystem.
