On 15th October 2025, CMB International (CMBI) announced a partnership with BNB Chain, the blockchain infrastructure developed by Binance, to tokenize its USD-denominated money market fund, valued at approximately $3.8 billion. The fund is issued in token form under the symbols CMBMINT or CMBIMINT, enabling investors to subscribe and redeem using either fiat currency or stablecoins.
The initiative involves CMBI Asset Management as the asset sponsor, DigiFT (a Singapore-regulated RWA platform) as the distributor, and OnChain as the blockchain technology provider. This represents the first large-scale integration of Real-World Assets (RWA) by a Chinese financial institution onto a mainstream public blockchain, marking a significant milestone in the convergence of traditional finance and blockchain infrastructure.
1. Solana Pilot: From Technical Simulation to Real-World Deployment
As early as August 2025, CMBI launched a pilot version of the same money market fund on the Solana blockchain, also under the name CMBMINT.
This initial rollout was primarily a technical feasibility test focused on tokenization, cross-border settlement, and regulatory compliance workflows. The low transaction volume and limited wallet holders on Solana suggest that the goal was not market penetration but rather a proof-of-concept.
The transition to BNB Chain indicates the project has moved from concept validation to operational deployment. BNB Chain’s mature infrastructure and institutional compatibility make it a more viable platform for traditional financial instruments.
2. Investor Perspective: Real-World Benefits of RWAs
The core value of RWAs lies in bringing real-world assets on-chain, enabling on-chain registration, trading, and settlement.
For investors, this delivers three key benefits:
- Enhanced Transparency: Fund shares, redemptions, and yields are recorded on-chain, reducing trust overhead.
- Improved Liquidity: Smart contracts enable near-instant redemption, surpassing traditional T+1/T+2 settlement timelines.
- Cross-Border Accessibility: Investors can subscribe to compliant assets globally via fiat or stablecoins, with real-time data validation.
This model retains the safety and regulatory protection of institutional assets while delivering DeFi-like liquidity efficiency, representing both a productivity breakthrough for institutions and a transformative entry point for individual investors.