UBS has launched the uMINT (UBS USD Money Market Investment Fund Token), a tokenized investment fund on the Ethereum blockchain, providing access to high-quality money market instruments within a conservative framework. Thomas Kaegi, co-head of UBS's Asian arm, noted the increasing demand for tokenized financial assets across various asset classes. Ethereum leads in real-world asset tokenization, with over $3 billion in tokenized assets, while the total on the blockchain reaches approximately $3.9 billion, excluding private credit.
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 has launched its first tokenized investment fund, uMINT, on the Ethereum blockchain, marking a significant step in the bank's blockchain strategy. This initiative reflects a growing trend among financial institutions, with UBS Asset Management noting increased investor interest in tokenized assets. As Ethereum solidifies its role in asset tokenization, UBS aims to enhance transparency and efficiency in investment management.
UBS Asset Management has launched its first tokenised investment fund, the UBS USD Money Market Investment Fund Token (uMINT), utilizing Ethereum’s distributed ledger technology. This fund offers access to institutional-grade cash management solutions and is designed to enhance transparency and efficiency in investment products.The launch is part of UBS's strategy to integrate distributed ledger technology in fund issuance and distribution, reflecting a growing investor interest in tokenised financial assets. The firm has also been involved in initiatives like the Monetary Authority of Singapore’s Project Guardian, further solidifying its expertise in digital assets and tokenisation services.
UBS Asset Management has launched its first tokenized investment fund, the UBS USD Money Market Investment Fund Token (uMINT), on the Ethereum blockchain, marking a significant step for traditional finance towards blockchain adoption. This initiative is part of UBS's broader strategy under its tokenization platform, UBS Tokenize, aimed at digitizing traditional capital market instruments. The fund will be distributed through select partners, following a successful pilot program in Singapore.
UBS Asset Management has launched its first tokenised investment fund, the “UBS USD Money Market Investment Fund Token” (uMINT), utilizing Ethereum's blockchain. This initiative aims to enhance fund issuance and distribution, providing investors with access to institutional-grade cash management solutions. The firm has also engaged in various blockchain projects, including a tokenised Variable Capital Company fund and digital structured notes.
UBS Asset Management has launched its first tokenised investment fund, the “UBS USD Money Market Investment Fund Token” (uMINT), on Ethereum's blockchain, providing access to institutional-grade cash management solutions. This initiative aligns with UBS's strategy to enhance fund issuance and distribution through blockchain technology. The firm has also engaged in various digital finance projects, including a tokenised Variable Capital Company fund and cross-border digital bond transactions.
UBS has launched the USD Money Market Investment Fund Token (uMINT) on Ethereum, marking a significant step in its tokenization strategy. This initiative aims to merge traditional finance with blockchain technology, providing qualified investors with a digital-first money market fund.The launch follows strong earnings in Asia, where UBS Global Wealth Management's assets under management reached $678 billion in Q3 2024, reflecting a robust recovery. The bank's global AUM rose 18% year-on-year to $4.3 trillion, despite facing integration-related losses.
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, the "UBS USD Money Market Investment Fund Token," utilizing Ethereum's distributed ledger technology. This initiative reflects the growing demand for tokenized financial assets and is part of UBS's broader blockchain efforts, including a pilot tokenized Variable Capital Company fund in collaboration with Singapore's Monetary Authority.
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