UBS Asset Management has launched its first tokenized investment fund, the UBS USD Money Market Investment Fund Token (uMINT), on the Ethereum blockchain.
This fund is designed for institutional investors and offers a secure and conservative approach to cash management through high-quality money market instruments.
The fund will be distributed through authorized partners.
UBS is actively incorporating blockchain technology into its traditional financial services and has participated in various projects exploring the potential of digital assets.
UBS is collaborating with other Swiss banks to explore a blockchain-based digital Swiss franc.
These initiatives demonstrate UBS's proactive approach to embracing digital transformation in finance and providing cutting-edge solutions to meet the demands of a digital economy.