UBS Asset Management has launched a tokenized fund

UBS Asset Management has announced the launch of its first tokenized fund — the UBS USD Money Market Investment Fund Token on the Ethereum blockchain. This move marks a significant milestone in the company's blockchain strategy and its ambition to expand its presence in the digital finance sector.

Offering for investors

UBS, managing $5.7 trillion in assets, will offer clients the opportunity to access a high-quality money market investment product with risk management. uMINT will be available through authorized distribution partners, ensuring a secure and efficient investment process.

Response to growing interest in tokenization

The Co-Head of UBS Asset Management in the Asia-Pacific region commented that demand for tokenized financial assets continues to grow among investors across various asset classes.

He noted that interest in such solutions underscores the relevance of blockchain technologies in the modern financial landscape.

Commitment to digital finance

The executive also emphasized UBS's commitment to the development of crypto finance. He highlighted the importance of collaborating with regulators and industry partners to build a reliable infrastructure for new financial products and solutions.

This reflects UBS's desire to actively expand its product offerings in this dynamic sector.

UBS blockchain strategy

The uMINT fund is just one of many initiatives the company is pursuing in the field of tokenization. UBS continues to work on integrating blockchain technologies to create new opportunities for investors and strengthen its competitive position in the cryptocurrency market.