The Plumeberg News – From a US White House Crypto Roadmap to a Regulated HK-Singapore Money Fund

The global financial landscape reached a pivotal moment this week as the U.S. government unveiled a bold new roadmap, signaling an unambiguous policy push to integrate digital assets into the nation's core infrastructure. This top-down directive from Washington, compelling investment banks to adapt or risk being left behind, was powerfully complemented by tangible, market-leading execution from Asia. Major Chinese financial institutions are now actively launching regulated, cross-border tokenized products and applying for stablecoin licenses in Hong Kong. This powerful synergy, a clear policy mandate from the West and aggressive, real-world implementation from the East, is creating an undeniable sense of global momentum, accelerating the mainstream adoption of real world assets.

1）Weekly RWA Highlights

New White House Crypto Roadmap Defines Digital Assets as US Policy, Forcing Banks to Adapt

A new roadmap from the President’s Working Group on Digital Asset Markets has defined a clear path for integrating blockchain and stablecoins into the U.S. financial system, marking a pivotal moment for investment banks. The report, backed by the Trump Administration, effectively transforms digital assets from a niche market into a national policy priority. This sends an unmistakable signal from Washington that major financial institutions must now strategically incorporate digital assets into their core operations to remain competitive in the coming decades.

CMBI, DigiFT & Plume Launch First-Ever HK-Singapore Regulated Tokenized Money Market Fund

In a landmark move for cross-border digital finance, CMB International Asset Management (CMBI AM) has tokenized its US Dollar Money Market Fund and launched it on multiple public blockchains, including Plume. This marks the first-ever on-chain fund to be recognized by regulators in both Hong Kong and Singapore. The initiative, launched in partnership with digital asset platform DigiFT, represents a significant leap forward in the tokenization of regulated assets, pairing the credibility of a major bank with the efficiency and global reach of public blockchain.

Chinese Conglomerate Fosun Dives into RWA, Applies for Hong Kong Stablecoin License

Chinese financial giant Fosun International has officially applied for a stablecoin license in Hong Kong, signaling a deep strategic commitment to real-world asset (RWA) tokenization. The conglomerate's founder and chairman, Guo Guangchang, personally met with Hong Kong's top officials, underscoring the importance of the initiative. Fosun, which controls nearly RMB 800 billion in assets, has already launched an RWA platform and is positioning itself to be a key player in Hong Kong's new, tightly-regulated stablecoin regime.

2）RWA Market Commentary

This week showcased a powerful "pincer movement" on the global financial system, with decisive action from both the U.S. and Asia accelerating the adoption of tokenized assets. The White House crypto roadmap is a top-down directive of immense significance. By framing digital assets as a matter of national policy, it effectively ends the debate for U.S. investment banks about if they should engage, and shifts the entire focus to how. It's a clear mandate to innovate and integrate, creating a powerful domestic incentive for Wall Street to build the infrastructure for a tokenized future.

Simultaneously, we are seeing aggressive, bottom-up execution from major Asian financial institutions that are already building that future. The launch of the first-ever dual-regulated Hong Kong-Singapore money market fund by a subsidiary of China Merchants Bank is not a pilot project; it's a live, regulated, cross-border financial product that demonstrates immediate, tangible utility. This, combined with a powerhouse like Fosun pursuing a stablecoin license, shows that Asian firms are not waiting for permission—they are actively capturing market share under new, clear regulatory frameworks. The dynamic is fascinating: the U.S. is setting a grand, strategic vision to compel its incumbents into action, while Asia is already shipping regulated products and building the on-chain economy. Together, these forces are creating an environment of intense global competition and innovation that will benefit the entire RWA ecosystem.

3）Narrative Overview

RWA Index Ranking (65.60%)

4）Tokenized Assets Analytics

Global Market Overview:

Total RWA Onchain: $26.59B (+2.64% from 30d ago)
Total Asset Holders: 355,077 (+12.71% from 30d ago)
Total Stablecoin Value: $263.30B (+6.30% from 30d ago)

Conclusion

The path to a tokenized global financial system became significantly shorter this week, paved by parallel, high-impact developments in the world's leading economic regions. The United States has laid out a clear policy vision, effectively mandating that its financial titans embrace the digital asset revolution. At the same time, major players in Asia are demonstrating what this future looks like in practice, launching sophisticated, regulated on-chain products that bridge international markets. This powerful combination of a U.S. policy mandate and tangible Asian market leadership signals an irreversible global shift. The era of debate is over; the era of execution has begun.