UBS Asset Management has launched the first tokenized investment fund built on the Ethereum blockchain, “UBS USD Money Market Investment Fund Token” (uMINT).
The token provides investors with access to institutional-grade money management solutions backed by high-quality financial market instruments within a conservative, risk-managed framework.
The launch is part of that UBS” Strategies for using blockchain to improve the issuance and distribution of funds.
Recent UBS steered Establishment of a tokenized variable capital company (VCC) fund in October 2023 as part of the Monetary Authority of Singapore’s involvement with Project Guardian.
The company also issued CHF 200 million in digital structured notes in June 2023 and completed a cross-border digital bond transaction in November 2023.
Thomas Kaegi, co-head of UBS Asset Management APAC, said:
“We are seeing increased investor appetite for tokenized financial assets across all asset classes.
By leveraging our global capabilities and collaborating with industry peers and regulators, we are able to deliver innovative solutions to our customers. ”
Featured image credit: Edited from freepic
