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UBS Asset Management has launched its first tokenized Money Market Fund, uMINT, in partnership with DigiFT. This fund allows investors to subscribe using their preferred custody wallets and offers real-time redemption capabilities, leveraging Ethereum's blockchain technology for enhanced transparency and efficiency.DigiFT will manage on-chain distribution and transactions, utilizing smart contracts to streamline compliance and operational processes. This collaboration marks a significant step in bridging traditional finance with decentralized technologies, catering to a new generation of investors.
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.
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 has launched its first tokenized fund, the "UBS USD Money Market Investment Fund Token" (UMINT), on the Ethereum blockchain in Singapore, catering to the rising demand for digital assets. This money market fund offers institutional cash management through conservative investments in high-quality instruments.The initiative is part of UBS's broader tokenization strategy, which includes participation in Singapore's Project Guardian and the expansion of its UBS Tokenize platform. Thomas Kaegi, co-head of UBS Asset Management APAC, highlighted the growing interest in tokenized financial assets and the firm's commitment to integrating public and private blockchains in fund distribution.
UBS has launched its first tokenized fund, the "UBS USD Money Market Investment Fund Token" (UMINT), in Singapore, utilizing Ethereum blockchain technology to cater to the rising demand for digital assets. This fund offers institutional-grade cash 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 into its wealth management services, reflecting a significant shift in its investment approach.
UBS has launched its first tokenized fund, the "UBS USD Money Market Investment Fund Token" (UMINT), in Singapore, utilizing Ethereum blockchain technology to cater to the growing demand for digital assets. This fund offers institutional-level cash management through conservative investments in high-quality money market instruments. The initiative is part of UBS's broader strategy to integrate digital assets into its offerings, including participation in Singapore’s Project Guardian and the expansion of its UBS Tokenize platform.
UBS Asset Management has launched its first tokenized Money Market Fund in partnership with DigiFT, which will provide the infrastructure for managing on-chain distribution and transactions. Utilizing blockchain technology, DigiFT ensures all transactions are recorded on an immutable ledger, enhancing operational visibility and compliance through smart contracts. Recognized as a Market Operator by the Monetary Authority of Singapore, DigiFT is pioneering the use of automated market-making mechanisms in this space.
UBS has launched a tokenized money market fund on the Ethereum blockchain, named the "UBS USD Money Market Investment Fund Token" (uMINT), to meet growing investor demand for digital assets. This initiative is part of UBS's broader strategy to utilize distributed ledger technology for fund issuance and distribution, following previous successful pilots and transactions involving digital assets. Meanwhile, MrBeast faces allegations of engaging in "pump-and-dump" schemes, reportedly earning over $23 million by trading low-cap cryptocurrencies while misleading his followers.
Trafigura Group, a major player in commodity trading, manages vast oil supplies globally, enough to meet France's needs three times daily. However, a significant crisis has emerged in a remote segment of its operations, potentially costing the company over $1 billion.
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
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