UBS launches tokenized money market fund on Ethereum for institutional investors

UBS Asset Management has launched its first tokenized investment fund, the UBS USD Money Market Investment Fund Token (uMINT), on the Ethereum blockchain.

Overview

This fund is designed for institutional investors and offers a secure and conservative approach to cash management through high-quality money market instruments.

Benefits of uMINT

  • Enhanced operational efficiency
  • Increased transparency in financial transactions
  • Meets liquidity and risk requirements of conservative investors

Distribution

The fund will be distributed through authorized partners.

UBS's Commitment to Blockchain Technology

UBS is actively incorporating blockchain technology into its traditional financial services and has participated in various projects exploring the potential of digital assets.

Collaboration with Swiss Banks

UBS is collaborating with other Swiss banks to explore a blockchain-based digital Swiss franc.

Embracing Digital Transformation

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.

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