China Merchants Bank International Dollar Money Market Fund realizes RWA and on-chain distribution

According to Foresight News, China Merchants Bank International recently announced a partnership with digital fintech companies DigiFT and OnChain to realize real-world asset tokenization (RWA) and on-chain distribution of China Merchants Bank International’s US dollar money market fund. China Merchants Bank International said that the fund was recognized in both Hong Kong and New Zealand supervision at the same time; the token product is the first token product to support deployment on public chains such as Solana, Ethereum, Arbitrum and Plume, and is also the world's first product on the Solana public chain to be linked to the performance of public money market; the token product supports fiat currency and stablecoin redemption at the same time; the token product provides real-time redemption for tokens through self-developed liquidity management contracts.

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