UBS Asset Management has launched its first tokenized fund, the “UBS USD Money Market Investment Fund Token” (uMINT), on the Ethereum blockchain, catering to the rising demand for tokenized financial assets. With $5.7 trillion in assets under management, UBS aims to provide investors with a high-quality, risk-managed money market investment product through authorized partners. This initiative is part of UBS's broader blockchain strategy, which includes recent milestones such as the world's first cross-border digital bond transaction and collaboration on a tokenized Variable Capital Company fund.
