UBS has launched the uMINT, a digital money market fund on Ethereum, designed for conservative investors seeking low-risk, short-term investments. This fund leverages blockchain technology for secure, transparent transactions, reflecting UBS's commitment to integrating digital services in finance. The initiative aligns with UBS's broader exploration of blockchain, including recent projects in Singapore and cross-border digital bond transactions.
UBS Asset Management has launched its first tokenized fund, the "UBS USD Money Market Investment Fund Token" (uMINT), utilizing Ethereum's distributed ledger technology. This initiative responds to increasing investor interest in tokenized assets and aims to provide access to institutional-grade cash management solutions. The fund will be distributed through authorized partners, marking a significant step in UBS's broader strategy to enhance fund issuance and distribution via blockchain technology.
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 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 its first tokenized money market fund, uMINT, on the Ethereum blockchain, catering to rising investor demand for tokenized assets. Available exclusively through authorized partners, this fund combines blockchain efficiencies with UBS's investment standards, aiming to modernize fund distribution and issuance. The initiative aligns with UBS's broader strategy to integrate digital finance and distributed ledger technology across its operations.
Afcons Infrastructure, part of the Shapoorji Pallonji group, has raised Rs 1,621.5 crore from 80 institutional investors through its anchor book ahead of its IPO, set to launch on October 25. The Rs 5,430-crore share sale includes a fresh issuance of Rs 1,250 crore and an offer-for-sale of Rs 4,180 crore by promoter Goswami Infratech, with shares priced between Rs 440-463. Notable global investors such as Blackrock, Goldman Sachs, and the Monetary Authority of Singapore participated in the anchor investment.
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