UBS Rolls Out a Tokenized Money Market Fund
UBS Asset Management has recently revealed its latest initiative, the uMINT token, which is a USD Money Market Investment Fund Token built on the Ethereum blockchain.
The launch of this token marks the beginning of UBS’s broader efforts to introduce tokenization services through UBS Tokenize.
By utilizing this technology, UBS is demonstrating its commitment to integrating traditional finance with blockchain, giving qualified investors a digital version of a money market fund.
The firm has formed partnerships with authorized distribution networks to facilitate client access to the fund.
According to Thomas Kaegi, co-head of UBS Asset Management APAC, the firm has identified a growing demand for tokenized financial assets and is tapping into this trend by leveraging its global capabilities and collaborating with peers and regulators to offer an innovative solution.
