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UBS Asset Management has launched its first tokenized fund, the UBS USD Money Market Investment Fund Token (UMINT), on the Ethereum blockchain, targeting institutional investors in Singapore. This fund focuses on high-quality, low-risk money market instruments, enhancing transparency and accessibility in asset management. As part of its digital asset strategy, UBS aims to bridge public and private blockchains, responding to the increasing demand for digital investment products.
UBS has launched its first tokenized fund, the "UBS USD Token Money Market Investment Fund" (UMINT), in Singapore, utilizing Ethereum's blockchain to cater to the rising demand for digital assets. This fund aims to provide institutional-level liquidity management through conservative investments in high-quality money market instruments. The initiative is part of UBS's broader strategy to integrate digital assets and blockchain technology into its offerings, reflecting a growing investor appetite for tokenized financial products.
UBS Asset Management has launched its first tokenized Money Market Fund, "uMINT," in partnership with DigiFT, allowing investors to subscribe using their preferred custody wallets. Built on Ethereum and utilizing UBS's tokenization service, uMINT offers real-time redemption and is underpinned by high-quality money market instruments. DigiFT will manage on-chain distribution and transactions, enhancing operational efficiency through blockchain technology and smart contracts.
UBS has launched the UBS USD Money Market Investment Fund Token (uMINT), the first tokenized money market fund on Ethereum's DLT, aimed at institutional investors in Singapore. This innovative fund enhances transaction efficiency, transparency, and security, leveraging Singapore's favorable regulatory environment for digital assets. UBS anticipates a decline in the dollar's value as central banks tighten policies and BRICS nations reduce dollar reliance.
UBS has launched its first tokenized money market fund, uMINT, in Singapore, utilizing Ethereum's Distributed Ledger Technology (DLT) to enhance efficiency and security for institutional investors. This innovative fund aims to adapt to the evolving asset management landscape, providing a digital approach to money market investments.The strategic choice of Singapore, with its supportive regulatory environment for blockchain assets, positions UBS to attract institutional investors wary of tokenized assets in more regulated regions. UBS also expresses concerns about potential US dollar depreciation as global central banks tighten monetary policies and BRICS nations reduce their reliance on the dollar.
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ubs launches tokenized money market fund on ethereum for digital investors
23:35 02.11.2024
ubs launches first tokenized ethereum fund for institutional investors in singapore
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