SOL Nears $200 as CMB International Launches Asia’s First On-Chain Public Fund on Solana

On August 13, 2025, CMB International, one of Asia’s leading asset management firms, announced the launch of CMBMINT, the tokenized version of its Hong Kong–Singapore Mutual Recognition Fund (MRF), deployed on the Solana blockchain; it is the first public mutual fund issued on Solana.

The initiative leverages DigiFT’s regulated tokenization expertise and OnChain’s blockchain infrastructure capabilities to bring traditional assets fully on-chain, improving liquidity, transparency, and accessibility.

Built on Solana’s high-throughput blockchain — capable of processing thousands of transactions per second — CMBMINT benefits from seamless smart contract deployment and efficient trading of tokenized shares.

CMBMINT’s launch comes at a time of heightened institutional and retail interest in Solana. Earlier this year, CME Group introduced Solana futures on March 17, 2025, signaling deeper market adoption.

SOL has long been recognized for its strong capital flows, often dubbed a “capital chain” within the crypto community. This bull market cycle, led by Ethereum’s rally, has already seen increased investor appetite for altcoins. The August 12 release of lower-than-expected U.S. CPI data further boosted expectations for a Federal Reserve rate cut in September, fueling broader risk-on sentiment.

Against this backdrop, altcoins surged, with SOL reacting strongly to the CMBMINT news — spiking from $175 to nearly $200 in a short period. The token has maintained upward momentum, posting a 24-hour gain of over 12% and trading volume near $10 billion.

Over the past 24 hours, SOL’s trading volume has surged close to 50%, reflecting both speculative interest and market confidence in Solana’s expanding RWA ecosystem.

Solana’s official statement described the launch as having “important significance for the financial market in Asia,” and industry projections cited by Solana estimate that the global tokenization market could reach $2 trillion by 2030, with real-world assets such as mutual funds, bonds, and equities playing a key role.