Breaking: CMBI & DigiFT Launch Game-Changing Multi-Chain Tokenized USD Fund
Wall Street meets Web3 as traditional finance giant CMBI teams up with DeFi innovator DigiFT to bridge the gap between chains—and maybe your portfolio.
Why it matters: Tokenized funds are the Trojan horse of institutional crypto adoption. This one’s packing cross-chain interoperability like a Swiss Army knife.
The details: No more silos. Investors can now move USD exposure seamlessly across Ethereum, BNB Chain, and other major networks—because apparently even digital dollars get claustrophobic.
Bonus jab: Somewhere in Manhattan, a hedge fund manager just paid $50K in gas fees trying to do this manually.
CMB International Asset Management has teamed up with Singapore-based DigiFT to tokenize its USD Money Market Fund. This innovative token product, recognized by regulators in Hong Kong and Singapore, is deployed across multiple blockchains including Solana, Ethereum, Arbitrum, and Plume. It supports multi-currency subscriptions and redemptions, offering real-time liquidity through advanced smart contracts. This marks the industry’s first multi-jurisdictional, multi-chain tokenized money market fund, enhancing accessibility for qualified investors on the DigiFT platform.