UBS Asset Management has introduced its first tokenized Money Market Fund, which can now be accessed through DigiFT.

This development represents a significant step forward in incorporating blockchain technology into traditional finance. DigiFT will provide the necessary infrastructure for managing and monitoring on-chain distribution activities and transactions related to the fund. DigiFT's platform ensures that all transactions are recorded on an unchangeable ledger, offering real-time operational and audit visibility. The use of smart contracts improves administrative efficiency and compliance, allowing investors to explore innovative financial applications in the evolving Web3 landscape.

DigiFT is recognized as a Market Operator by the Monetary Authority of Singapore and is the first exchange to implement smart contract methods and automatic market-making mechanisms, further solidifying its position in the market.