ChinaAMC Launches Tokenized Money Market Fund on Ethereum

[AIcash]

China Asset Management Company (ChinaAMC), one of China’s largest fund managers with $400B+ in assets, has launched a tokenized money market fund on Ethereum: ChinaAMC USD Digital Money Market Fund Class I USD (CUMIU).

The fund invests in short-term deposits and high-quality money market instruments, aiming for stable returns in Hong Kong dollars. Each token has a $100 NAV and a 0.05% management fee, targeting institutional investors seeking low-cost blockchain-based fixed-income exposure.

[Nahid Hossen]

ChinaAMC launching a $400B-backed tokenized fund on Ethereum is a huge step for RWAs.

[Abdul Khan]

A $100 NAV with just 0.05% fees makes CUMIU attractive for institutions chasing stable returns.