UBS launches first tokenized fund on Ethereum to enhance wealth management strategy

UBS has launched its first tokenized investment fund, the "UBS USD Money Market Investment Fund Token" (UMINT), in Singapore. This move reflects the changing landscape of wealth management and the increasing demand for innovative investment solutions.

Tokenized Investment Fund

The fund, built on the Ethereum blockchain, aims to provide institutional-grade cash management through conservative investments in high-quality money market instruments. UBS sees this launch as part of its broader strategy to meet the evolving needs of investors seeking digital asset exposure.

UMINT Fund

The UMINT fund will be accessible through authorized distribution partners. UBS has been actively involved in tokenization, participating in pilot projects and launching the UBS Tokenize platform. The firm is committed to integrating public and private blockchains into its fund issuance and distribution processes.

Growing Demand for Digital Investment Assets

The decision to launch the UMINT fund is a response to the growing demand for digital investment assets among institutional investors. UBS aims to deliver innovative solutions that cater to this interest and provide institutional-level cash management. By embracing digital assets, UBS is appealing to a new generation of investors who prioritize transparency, efficiency, and accessibility.

Positioning at the Forefront

This initiative positions UBS at the forefront of the financial industry's transformation.

Trending
Subcategory:
Countries:
Companies:
Currencies:
People:

Machinary offers a groundbreaking, modular, and customizable solution that provides advanced financial news and statistical analysis. Our platform goes beyond traditional quantitative analysis, offering users a comprehensive understanding of real-time market dynamics, event detection, and risk analysis.

Address

Waitlist

We’re granting exclusive early access to the first 500 users from december 20.

© 2024 by Machinary.com - Version: 1.0.0.0. All rights reserved

Layout

Color mode

Theme mode

Layout settings