But I guess what you are getting at is that normally you don't brag about the architecture of your microcontroller. As you correctly suspect, that's done just for coolness points. Chances are an 8 bit AVR or an 16 bit PIC could have done the same thing, but on a soldering iron you don't care about the power draw of the microcontroller, and a 32bit RISC-V fits Pine64's brand better. It's the equivalent of "aircraft-grade aluminum" or "military-strength encryption".
Also the choice makes it easier to run Doom on it.
I'm not dounting it's possibly, but I'd be surprised if it's available without involving a Turing-complete computer.
I'm not sure if there is a single-chip solution (although I'd be a bit surprised if there isn't), but the fundamental circuit isn't that ambitious. Using a very low-end microcontroller is likely less expensive, though.