UBS Unveils Tokenized Money Market Fund on Ethereum Blockchain

UBS has unveiled a groundbreaking tokenized money market fund, known as the UBS USD Money Market Investment Fund Token (uMINT), designed to bring digital finance into the institutional arena.

Leveraging Ethereum’s blockchain technology, this fund enables investors to access a secure, liquid asset class through a decentralized ledger, promoting transparency and efficiency.

uMINT will initially launch in Singapore, a leader in crypto-friendly regulation and innovation. According to UBS Asset Management’s Thomas Kaegi, demand for digital assets has surged, and uMINT offers a solution with institutional-grade safeguards.

This blockchain-based product aligns with UBS’s broader strategy to integrate distributed ledger technology across its operations, enhancing traditional financial services and promoting asset liquidity.

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This launch is part of UBS’s larger digital finance expansion, which includes initiatives like Singapore’s Project Guardian and issuing tokenized structured notes. UBS’s investments reflect a commitment to adapting finance for the digital age, with uMINT positioned to meet a growing appetite for tokenized assets among investors.

This move by UBS is timely, as tokenization gains attention from major financial entities, including the US Treasury Department, for its potential to improve market access, efficiency, and transparency.

Alexander Stefanov