CMB International’s Groundbreaking Move: Tokenizing Funds on Solana

The financial landscape is experiencing a revolutionary shift as CMB International, a subsidiary of China Merchants Bank, ventures into the world of blockchain. Teaming up with Singapore’s compliant RWA platform, DigiFT, and Solana’s specialized OnChain services, the group has announced the launch of a pioneering public fund. This fund, named CMBMINT, marks the first of its kind to be developed on the Solana blockchain, symbolizing a significant stride for Chinese banking groups into the digital realm.

Meet CMB International: A Giant in Chinese Finance

Operating under the auspices of China Merchants Bank, CMB International is a formidable presence in Hong Kong’s financial services landscape. With interests spanning asset management, securities, and corporate investment banking among others, it’s a powerhouse both locally and abroad. The bank’s recent financial report highlights its impressive total assets of 808 billion HKD and a net income exceeding 13 billion HKD, underscoring its status as a leader in Chinese securities.

Adding another feather to its cap, in July 2024, CMB International acquired a virtual asset trading service license from Hong Kong’s Securities and Futures Commission, paving the way for its entry into the virtual asset market. This move sets a precedent as they become the first Chinese banking group with a license to operate in this nascent field.

Understanding CMBMINT: A Pioneer in Blockchain Finance

The CMBMINT fund, debuting as a U.S. dollar money market fund, has already achieved noteworthy success. As of mid-2025, it ranked first among similar funds in the Asia-Pacific region, with returns calculated on net asset value including reinvested dividends. By tokenizing this fund via the Solana blockchain, CMB International showcases a novel approach to bridging traditional and digital finance. The fund also plans to extend support to Ethereum, Arbitrum, and Plume blockchains, setting the stage for multiple-chain operations—a first for tokenized currency funds.

Enhancing Hong Kong’s Position in Digital Asset Development

This strategic tokenization aligns seamlessly with Hong Kong’s “Digital Asset Development Policy Declaration 2.0,” which seeks to lower entry barriers and attract global investors through blockchain issuance. Leveraging Solana’s long-standing commitment to the Internet Capital Market concept, CMB International’s selection of Solana positions it as a crucial gateway to Chinese and global markets. Though Chinese investors can’t directly partake in such funds, this model lays the groundwork for broader adoption of RWA and digital asset offerings by other Chinese financial institutions.

Solana’s alliance with CMB International represents more than just a technological advancement—it’s a powerful testament to the changing tides of global finance, where traditional powerhouses are adapting to modern digital solutions, thus delineating new pathways for capital markets worldwide.