Solana Official X Community Announcement
Solana’s official X community has announced that CMB International, a wholly-owned subsidiary of China Merchants Bank, has partnered with Singapore’s compliant RWA platform DigiFT and Solana ecosystem professional service provider OnChain to issue the world’s first publicly offered fund built on the Solana blockchain, CMBMINT. This marks the first time a Chinese banking group has launched a fund that involves RWA (Real World Assets) on-chain, aligning with the Hong Kong government’s goal of becoming an “international virtual asset hub.”
Understanding Chinese Financial Giant CMB International
CMB International is one of the wholly-owned subsidiaries of China Merchants Bank (CMB) in Hong Kong. It is jointly held by CMB through its two major platforms, CMB International Financial Holdings and China Merchants Yonglong Bank. The business spans multiple areas, including asset management, securities, investment banking, and corporate financing. Its subsidiary, CMB International Securities, is active in Hong Kong’s IPO, market trading, and asset management sectors.
According to the 2024 financial report, CMB International has total assets of HKD 80.8 billion, with a net profit exceeding HKD 1.3 billion for the year and an asset management scale surpassing HKD 130 billion, representing an annual growth of nearly 15%. In 2024, it completed as many as 38 Hong Kong IPOs, making it a leader among Chinese securities firms. (Source: Sina Finance)
In July 2024, CMB International obtained a virtual asset trading service license issued by the Hong Kong Securities and Futures Commission (SFC), becoming the “first” Chinese bank-affiliated securities firm in Hong Kong with qualifications for virtual asset business, officially announcing its entry into the virtual asset market. (Source: Hong Kong Commercial Daily)
What is the CMBMINT Fund?
The newly issued CMBMINT is a U.S. dollar money market fund, which has ranked first among similar funds in the Asia-Pacific region in terms of cumulative return since its establishment in February 2024 until the end of July 2025 (data calculated based on net asset value, including reinvested dividends). This fund realizes tokenized issuance through the Solana public chain, opening a new model for connecting traditional assets with the blockchain world. The token code issued after the fund goes on-chain will be CMBMINT. In addition to its initial launch on the Solana chain, it also plans to support other public chains such as Ethereum, Arbitrum, and Plume, thereby becoming the first money market fund token supporting multi-chain operations. (Source: Hong Kong Wen Wei Po)
Strengthening Hong Kong’s Strategic Position in Digital Asset Development
The tokenized fund issuance and distribution respond to the Hong Kong government’s “Digital Asset Development Policy Declaration 2.0,” which aims to lower traditional fund thresholds through on-chain issuance, attracting international investors from around the globe to Hong Kong.
Solana has long developed the concept of an Internet Capital Market. This time, CMB International chose Solana as the primary issuing public chain platform, marking an important milestone for Solana’s entry into China and the Chinese-speaking market. Currently, Chinese investors cannot directly participate in such funds. CMB International’s on-chain model suggests that in the future, other Chinese banks may also adopt a similar model to layout RWA and digital asset products.
Note 1: For more information on Solana’s Internet Capital Market concept, please refer to previous articles, including the significant document published by Solana: Internet Capital Market Roadmap, which aspires to become the digital backbone of the global capital market.
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