On August 8, 2025, CMB International, a subsidiary of China Merchants Bank, announced a collaboration with Singapore's digital exchange DigiFT and Solana blockchain service provider OnChain to tokenize a US dollar money market fund recognized in Hong Kong and Singapore, issuing the CMBMINT token. Notably, this is the first tokenized fund across multiple jurisdictions, and being led by an Asian financial giant will provide an excellent compliant sample for subsequent multi-regional Real World Asset (RWA) collaborations.

On August 13, Solana officially confirmed that it would be the first blockchain for this fund's tokenization, marking Solana's first tokenized public fund product. The market responded optimistically. Solana's price rose 15% in the past 24 hours, and within three hours of the announcement, it further increased by 5%, breaking the $200 mark.

This article will explore the institutional network behind this collaboration, CMB International's blockchain layout and ambitions, and the investment content of the CMBMINT token.

In addition to public chain ecosystems, China Merchants International continues to focus on alliance chains and enterprise service areas. In July 2022, blockchain infrastructure provider "Rivtower" completed a Pre-B round of financing worth tens of millions of yuan, with China Merchants International continuing to increase its investment as an existing shareholder. Rivtower was formed by a domestic open-source alliance chain technical team and developed the world's first cloud-native blockchain framework CITA-Cloud, providing underlying technical support for industrial internet and government-enterprise markets. China Merchants International's consecutive investments in its A+ and Pre-B rounds demonstrate its long-term optimism about the blockchain infrastructure track and further consolidate its influence in the domestic alliance chain/Web3 infrastructure circle.

Virtual Asset Service Exploration (2022-2025)

As blockchain and financial applications gradually integrate, China Merchants International has begun to expand into new fields of digital assets and financial technology convergence in recent years. Between 2022 and 2023, China Merchants International served multiple times as the exclusive placement agent for the Hong Kong-listed company Arta TechFin (279.HK), helping it complete stock issuance and convertible bond offerings. Arta TechFin, founded by New World Group's executive vice-chairman Cheng Chi-kong, is positioned to connect Web2 and Web3 using new technologies like blockchain, providing high-end financial services that integrate virtual and traditional assets. Its product lineup includes the Arta Wallet, a wallet and custody platform using world-leading security technologies, and the Arta STO, a blockchain-based regulated digital securities issuance platform.

These forward-looking investments have also earned recognition from regulatory authorities. On July 14, 2025, China Merchants International Securities Limited was officially approved by the Hong Kong Securities and Futures Commission, becoming the first Chinese bank-affiliated securities firm to obtain a virtual asset trading service license in Hong Kong. This means China Merchants International can legally provide trading services for cryptocurrencies including Bitcoin and Ethereum to qualified investors, expanding its business scope from traditional stocks to the digital asset domain.

US Public Chains Collaborate with Chinese Institutions: Who is Driving this "Century Cooperation"?

Behind the successful cross-border on-chain fund, two key institutions - DigiFT and OnChain - are worth noting. One "connects" through regulatory compliance, while the other focuses on public chain technology issuance support to "link" Solana and other public chains. Who exactly are they?

The RWA Era of Major Institutions

The increasing collaboration between institutions and on-chain projects reflects a trend that RWA projects can only truly be implemented and succeed when the forces of regulation, assets, and technology work together. From a broader perspective, Asian financial institutions (Hong Kong's new policies, Singapore's sandbox) are building a stage for such cross-border blockchain innovations. In the future, as more traditional giants "build bridges" with blockchain innovative enterprises, we have reason to expect more cross-market and cross-technological field collaborations, driving the maturity of real-world assets on the chain and bringing new possibilities to global financial markets.

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