CMB International brings public funds to Solana, how far is it from $300?

A few days ago, CMB International completed the tokenization of the 'Hong Kong-New Mutual Fund' on Solana (CMBMINT) and issued and circulated it through compliant platforms such as DigiFT / OnChain. — This is not just an ordinary new listing announcement, but a milestone for public fund shares landing on Solana: the compliant entry point for Asian capital has been solidly opened.

What will change? (Triple benefits for SOL)

• Narrative upgrade: Leading asset management + licensed platforms = officially certifying 'Solana = Asia's RWA settlement main chain.' Compliant assets can be subscribed/redeemed/circulated on-chain, enhancing institutional willingness to allocate to the SOL ecosystem.

• Clear funding path: The subscription and redemption of public funds and secondary trading naturally occur on USDC on Solana, leading to a steady increase in stablecoin accumulation, settlement volume, and on-chain fees.

• Ecosystem overflow: Once fund shares are on-chain, demands for yield splitting, collateral lending, secondary market making, etc., will emerge. Protocols like Jupiter / Raydium / Pendle are expected to capture the increment, boosting RWA-related TVL.

What else is needed to reach $300?

Hard conditions (data observation)

1. RWA/fund TVL in Solana continues to rise (e.g., sustained net growth for 4-8 weeks).

2. The proportion of USDC settlements on Sol continues to increase, and the on-chain stablecoin stock returns to an upward trend.

3. More asset management/brokerage firms follow up (not just one public fund product), forming a 'product cluster.'

4. ETF resonance: If the SOL spot ETF window lands in Q3-Q4, capital resonance (U.S. + Asia) will significantly enhance valuation elasticity.

CMB International bringing public funds to Solana is a signal flare for 'compliant capital can enter at scale.' If more funds/bonds follow up subsequently + RWA/USDC data continues to strengthen + ETF window approaches, the impact of SOL on $300 will no longer be a story, but a path. The current task is to monitor the path with data and seize positions with rhythm.