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.
