UBS launches first tokenized investment fund based on Ethereum
UBS has announced the launch of its first tokenized currency market fund globally, starting from Singapore. The UBS US dollar currency market investment fund token (uMINT) is a currency market investment fund based on Ethereum distributed ledger technology (DLT). UBS said that the fund provides investors with a controllable risk institutional-level cash management solution, supporting high-quality currency market instruments. Previously, as an industry partner of the Monetary Authority of Singapore's "Project Guardian," UBS launched a live pilot of tokenized variable capital company (VCC) funds in October 2023. In June 2023, UBS issued RMB 200 million (SGD 37.16 million) digital structured notes for third parties and completed the world's first cross-border repurchase transaction fully executed and settled on a public blockchain in November of the same year.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bitget Spot Margin Announcement on Suspension of DOG/USDT, ORDER/USDT, BSV/USDT, STETH/USDT Margin Trading Services
BGB holders' Christmas and New Year carnival: Buy 1 BGB and win up to 2026 BGB!
Bitget Trading Club Championship (Phase 20)—Up to 2400 BGB per user, plus a RHEA pool and Mystery Boxes
Subscribe to ETH Earn products for dual rewards exclusive for VIPs— enjoy up to 8% APR and share 30,000 USDT!
