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ubs launches tokenised money market fund on ethereum following industry leaders

UBS is launching a tokenized money market investment fund on Ethereum, joining BlackRock and Franklin Templeton in embracing tokenization within traditional finance. The USD Money Market Investment Fund Token, or uMINT, will be backed by money market instruments, though it remains unclear if US Treasury assets will be included. This move reflects a growing investor interest in tokenized financial assets, despite ongoing caution from Wall Street regarding the broader crypto economy.
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United States Dollar Franklin Templeton Aggressive Model Portfolio FUND UBS AG BlackRock, Inc. Visa Inc. JPMorgan Chase & Co. CHE SGP USA Aleks Gilbert Larry Fink Thomas Kaegi Show more
TradFi, News Article
21:55 01.11.2024
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