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Zhaoyin International and DigiFT Launch Tokenized US Dollar Money Market Fund

The initiative introduces real-world asset tokenization and multi-chain on-chain distribution, offering professional investors cross-jurisdictional access via DigiFT and OnChain.

Summary

CMB International Asset Management Co., Ltd. announced the completion of its cooperation with DigiFT to enable real-world asset tokenization (RWA) and on-chain distribution of its USD Money Market Fund. Recognized in Hong Kong and Singapore, the token product supports multi-modal subscriptions and redemptions across multiple blockchain networks, backed by technical support from Singapore-based DigiFT and OnChain.

Terms & Concepts
  • RWA: Real-world Asset Tokenization refers to converting tangible assets into digital tokens on a blockchain, enhancing liquidity and market accessibility.
  • Multi-chain: Utilizing multiple blockchain networks to support transactions and broaden the digital asset ecosystem.
  • On-chain Distribution: The process of distributing digital tokens directly via blockchain technology to ensure transparency and efficiency.