The implementation of the US Genius stablecoin bill and the effectiveness of Hong Kong's "Stablecoin Regulation" on August 1 have ushered in a rapid and vibrant period for the development of #RWA!

As one of the leading public chains in #RWA, #Plume has just announced a significant achievement that could be a true turning point in the #RWA field. This is a milestone event for everyone concerned about the future of finance.

In simple terms, #Plume has helped CMB International Asset Management (a wholly-owned subsidiary of China Merchants Bank) successfully tokenize a money market fund. This is of great significance for the industry's development, as it is the first fund of its kind to obtain compliance certification from regulatory authorities in both Hong Kong and Singapore. Just think about it—two major financial centers in Asia have given the green light to an RWA product operating on a public chain!

This is not just a small-scale pilot project, but a regulated, cross-border financial product successfully operating on a #Web3 public chain. It proves that you can move serious, institutional-level products from traditional finance (TradFi) to a professional #RWA public chain like #Plume without compromising on compliance and security.

As an investor in #Plume, this strong collaboration between CMB International and #Plume is a tremendous recognition of the #Plume public chain. It demonstrates that #Plume is not just a powerful RWA L1 public chain with strong technical capabilities. It is also a network that can meet the strict technical, compliance, and operational requirements demanded by financial regulatory authorities.

We have been closely monitoring the #RWA track recently, and this is exactly the blueprint I have been waiting for. #Plume shows us the wonderful aspects of future innovation and collaboration in the #RWA public chain:

1️⃣ Regulatory recognition: The fund has received approval from multiple jurisdictions.

2️⃣ Multi-chain deployment: Assets can be utilized across different blockchains.

3️⃣ Seamless circulation: Achieved easy conversion between fiat and stablecoins.

4️⃣ On-chain liquidity: Paved the way for on-chain liquidity management.

This collaborative project is an excellent example of cooperation between TradFi and decentralized finance (DeFi). #Plume is becoming a model for #RWA to embrace compliance, solidifying #Plume's position as a trusted network for institutions. After completing the pilot for US Treasury bonds, and now receiving endorsement from the Hong Kong-Singapore mutual recognition fund, #Plume seems to be quietly becoming the preferred choice for governments and large institutions entering the #RWA field. The question is, who will be the next entrant? The EU? Or the Federal Reserve? It’s worth looking forward to! 🧐

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。