UBS Asset Management has launched the "UBS USD Money Market Investment Fund Token" (uMINT), the first tokenized investment vehicle on Ethereum, aimed at authorized partners in Singapore. This fund allows investors to access institutional-level money market assets through digital tokens, enhancing the management of traditional financial instruments. UBS is responding to the growing demand for tokenization by leveraging its global resources and regulatory partnerships, as seen in the increasing interest from the crypto investor class.
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.
UBS Asset Management has launched its first tokenized investment fund, the UBS USD Money Market Investment Fund Token (uMINT), on the Ethereum blockchain, targeting institutional investors seeking secure cash management. This initiative aligns with UBS's broader strategy to integrate blockchain technology into its services, enhancing operational efficiency and transparency. The firm has also been active in developing tokenized financial solutions, including participation in the Monetary Authority of Singapore’s Project Guardian.
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.
UBS has launched its first Ethereum-based money market fund, uMINT, marking a significant step into tokenized financial products. The $5.7 trillion asset manager aims to meet the rising demand for tokenized assets, leveraging its global capabilities and collaborating with regulators. This initiative follows UBS's previous ventures into tokenization, including digital structured notes and a cross-border repo transaction on a public blockchain.
UBS Asset Management has launched uMINT, the first Ethereum-based tokenized money market fund aimed at Singapore users, enhancing its digital finance offerings. This fund provides institutional-grade cash management while leveraging blockchain technology for transparency and efficiency. The initiative reflects UBS's commitment to expanding tokenization services and meeting the rising demand for digital finance solutions in Asia.
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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