SBI Digital Markets and UBS have launched tokenized money market funds under Singapore's Project Guardian, a blockchain initiative by the Monetary Authority of Singapore. The UBS USD Money Market Investment Fund Token is issued on a public blockchain but is accessible only to accredited investors through authorized partners like DigiFT. Meanwhile, the city of Lugano in Switzerland has issued a CHF 120 million digital bond, continuing its strategy of optimizing debt management through digital finance, although these bonds remain limited to commercial banks.
Franklin Templeton's chief investment officer, Sonal Desai, predicts that 10-year Treasury yields could rise to 5% or higher as the US government increases its debt supply to address a multi-trillion dollar deficit. She noted that a significant blowout of the US deficit could push benchmark yields above 5%.
Claude Maurer has departed from UBS after nearly two decades at Credit Suisse, where he served as Chief Economist for Switzerland. In a LinkedIn post, he reflected on his experiences and expressed gratitude to colleagues, noting that his journey continues next month. Maurer, a former Olympic sailor, emphasized the importance of adaptability in facing new challenges.
UBS and Swift have showcased the automated settlement of tokenized fund shares, enhancing efficiency in the fund industry. Collaborating with Chainlink, they demonstrated how Swift's payment network can facilitate off-chain transactions for tokenized assets, addressing delays in manual processing. This initiative is part of Singapore's Project Guardian, aiming to integrate digital assets with existing payment systems.
Chainlink has partnered with major financial institutions, including Franklin Templeton and UBS, to enhance data processing through AI and blockchain technology. This initiative aims to automate and standardize corporate data, potentially saving companies millions by reducing operational inefficiencies. By creating a "Unified Golden Record," stakeholders will gain near-instant access to accurate financial data, paving the way for transformative solutions in the fintech industry.
UBS has launched the first-ever tokenized money market fund, the "UBS USD Money Market Investment Fund Token" (uMINT), on the Ethereum blockchain, catering to rising investor interest in tokenized assets. This initiative aligns with UBS's Distributed Ledger Technology strategy and reflects a broader trend among major banks, including Goldman Sachs and Deutsche Bank, to embrace tokenization in finance. As tokenization gains traction, Ethereum's dominance in real-world asset (RWA) tokenization, valued at $3 billion, positions it as a key player in the evolving financial landscape.
Donald Trump's potential return to the presidency could lead to a more dynamic US economy, with higher growth and inflation, according to economists. While sectors like energy, defense, and technology may benefit, concerns about geopolitical tensions and a fragile transition period could create market volatility. Experts warn of Trump's desire for greater control over monetary policy, raising questions about the integrity of the US financial system and democratic institutions.
UBS has launched uMINT, its first tokenized money market investment fund on the Ethereum blockchain, providing investors with access to secure money market instruments. This move reflects a growing demand for tokenized assets, positioning UBS alongside industry leaders like BlackRock and Franklin Templeton in transforming traditional finance. By leveraging blockchain technology, UBS aims to enhance liquidity and transparency in investment management, potentially reshaping the financial landscape.
UBS has launched the uMINT fund, a tokenized investment vehicle built on Ethereum, aimed at providing access to institutional-grade cash management solutions. This move reflects the growing investor interest in tokenized funds, with UBS joining firms like BlackRock and Franklin Templeton in the space. Notably, Securitize recently surpassed $1 billion in tokenized real-world assets, highlighting the momentum in this sector.
UBS has launched its first tokenized money market fund, the uMINT, on the Ethereum blockchain, responding to rising investor demand for tokenized assets. This initiative aligns with UBS's broader strategy in digital asset management and reflects a growing trend among major banks like Goldman Sachs and Deutsche Bank to explore tokenization in finance. As tokenization gains traction, Ethereum solidifies its position as a leader in the real-world asset sector, with a current market value of $3 billion.
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