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UBS Asset Management has launched its first tokenized money market fund, "uMINT," in partnership with DigiFT, allowing investors to subscribe using preferred custodial solutions and access real-time redemptions. This fund, backed by high-quality money market instruments, utilizes Ethereum"s distributed ledger technology and is part of UBS"s tokenization service aimed at bridging traditional finance with decentralized technologies. DigiFT will manage on-chain distribution and transactions, enhancing operational efficiency and compliance through blockchain capabilities.
UBS Asset Management has launched its first tokenized money market investment fund, "uMINT," in partnership with DigiFT, allowing investors to subscribe using various custodial solutions. The fund utilizes Ethereum blockchain technology and offers real-time redemption capabilities, enhancing operational efficiency through smart contracts. DigiFT, recognized by the Monetary Authority of Singapore, provides the infrastructure for managing on-chain transactions, bridging traditional finance with decentralized technologies.
UBS Asset Management has launched "uMINT," the first tokenized money market fund available through DigiFT, allowing investors to subscribe via their preferred custody wallet. Utilizing Ethereum's distributed ledger technology, uMINT offers real-time redemption opportunities and is designed with a conservative, risk-managed framework. DigiFT will manage on-chain distribution and transactions, enhancing operational efficiencies through smart contracts and providing an immutable ledger for transparency.
UBS Asset Management has launched its first tokenized investment fund, uMINT, in partnership with Singapore-based fintech DigiFT. Built on Ethereum, uMINT focuses on conservative investments in high-quality money market instruments and allows subscriptions via digital custody wallets with real-time redemption options. This collaboration aims to bridge traditional finance with decentralized technologies, enhancing transparency and efficiency in investment management.
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