Laser Focus World is an industry bedrock—first published in 1965 and still going strong. We publish original articles about cutting-edge advances in lasers, optics, photonics, sensors, and quantum technologies, as well as test and measurement, and the shift currently underway to usher in the photonic integrated circuits, optical interconnects, and copackaged electronics and photonics to deliver the speed and efficiency essential for data centers of the future.

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Editorial Advisory Board

  • Professor Andrea M. Armani, University of Southern California
  • Ruti Ben-Shlomi, Ph.D., LightSolver
  • James Butler, Ph.D., Hamamatsu
  • Natalie Fardian-Melamed, Ph.D., Columbia University
  • Justin Sigley, Ph.D., AmeriCOM
  • Professor Birgit Stiller, Max Planck Institute for the Science of Light, and Leibniz University of Hannover
  • Professor Stephen Sweeney, University of Glasgow
  • Mohan Wang, Ph.D., University of Oxford
  • Professor Xuchen Wang, Harbin Engineering University
  • Professor Stefan Witte, Delft University of Technology

Matrixport’s Cactus Custody and OnChain Tokenize CMB International’s USD Fund on Blockchain

Singapore, 22 August 2025 — Cactus Custody, the regulated digital asset custodian within the Matrixport Group, has partnered with OnChain to bring CMB International’s US Dollar Money Market Fund on-chain in tokenised form as real-world assets. It is the first product under the Hong Kong and Singapore Mutual Recognition of Funds (MRF) scheme to operate on-chain globally, offering institutions and eligible investors an auditable and compliant investment option. The fund launched on 2 February 2024 and, as at 31 July 2025, ranked first in its Asia-Pacific peer group on Bloomberg. It features transparency, low volatility and a verifiable net asset value.

Tokenisation converts fund units into digital tokens recorded on a compliant blockchain. The fund’s net asset value is calculated off-chain under established rules and then written to the chain on a regular schedule so investors can see up-to-date information. Investor access and transfers follow whitelist and limit controls in line with applicable laws and internal risk policies. OnChain’s liquidity rules and contract design help subscriptions and redemptions settle faster, reducing waiting time and price slippage and improving the overall experience.

Cactus Custody provides institutional-grade safeguarding and operations. The platform uses multi-level approvals, multisignature control, and hot- and cold-wallet segregation, supported by routine reconciliation and periodic audits to keep records aligned with assets and to maintain asset segregation. Clear incident response plans and role-based access reduce risks from cyberattacks and operational errors, providing a bank-grade security foundation.

This collaboration creates a repeatable model for tokenised assets. Starting with money market funds, the processes and risk controls can extend to commercial paper pools, short-term debt and passive products. The goal is a broader RWA product line that adds depth to on-chain wealth management and connects high-quality traditional assets with compliant blockchain infrastructure.

Cactus Custody and OnChain will continue to refine product design, liquidity management and custodial risk controls to deliver a safer, more efficient and more transparent on-chain investment experience for institutions and eligible investors.

Risk disclosure: This token is available only to eligible professional investors. Tokenisation does not change the underlying asset’s risk and return profile. Holdings, transfers, subscriptions and redemptions are subject to applicable laws and product terms. This document is not investment advice.

About Cactus Custody

Cactus Custody, a regulated digital asset custodian and a subsidiary of Matrixport Group, serves over 300 global institutions. It offers secure custody, DeFi access, and OTC settlement services, continuously managing assets worth several billion dollars.

Its infrastructure features a tiered hot and cold wallet system with advanced HSM encryption and bank-grade cold storage. Committed to strict compliance, Cactus Custody ensures institutional-grade security and drives innovation for trusted digital asset management.

Website: https://www.mycactus.com/

About OnChain

OnChain makes global asset investing simpler, safer, and more efficient through compliance architecture, smart contracts, and layered liquidity. It supports institutional cross-border allocation and individual risk diversification with end-to-end solutions.

Website: https://onchain.channel/

About CMB International (CMBI)

CMB International Asset Management Company Limited is part of CMB International Capital Corporation Limited, a wholly owned subsidiary of China Merchants Bank incorporated in Hong Kong. Leveraging the bank’s resources and reputation, CMBI serves global clients across corporate finance, asset management, wealth management, global markets, and structured finance. It supports institutions, corporates, and individuals through IPO sponsorship and underwriting, placements, rights issues, financial advisory, bond issuance, direct investment, and equity sales and trading.

Website: https://www.cmbi.com.hk/en-US/

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