UBS Launches First Ethereum-Based Money Market Fund uMINT

UBS Asset Management has caught the eyes of traders with its latest launch of the first Ethereum-based tokenized money market fund, uMINT.

Major Swiss investment bank UBS has unveiled the first Ethereum-based tokenized money market fund, named uMINT, exclusively for traders in Singapore. This launch aligns with the firm's broader strategy to expand tokenization services for global investors.

The initiative marks a significant step for UBS in the digital finance sector. The fund is designed to provide secure and efficient cash management for investors, leveraging blockchain technology to enhance transparency and liquidity.

According to a recent statement, the UBS USD Money Market Investment Fund Token (uMINT) is built on Ethereum distributed ledger technology (DLT). The fund aims to offer institutional-grade cash management, combining it with the efficiency and transparency of blockchain technology.

The fund caters to the increasing demand for digital finance solutions, particularly in Asia, where innovation and tech-forward strategies are rapidly advancing. Thomas Kaegi, Co-Head of UBS Asset Management in the Asia Pacific region, highlighted the firm's commitment to meeting market demand for tokenized assets.

"The appetite for tokenized investments across multiple asset classes is rising," Kaegi said in a statement.

Through our global expertise and partnerships, UBS is now positioned to provide clients with a secure, tokenized investment solution.

The uMINT fund is designed to provide high-quality, short-term money market instruments while managing risks, making it suitable for institutions seeking efficient cash management solutions, the executive added.

The above is the detailed content of UBS Launches First Ethereum-Based Money Market Fund uMINT. For more information, please follow other related articles on the PHP Chinese website!