UBS Wealth Management Launches First Tokenized Investment Fund

Forex - UBS Asset Management today announced the launch of the "UBS USD Money Market Investment Fund Token" ("uMINT"), a money market investment built on Ethereum distributed ledger technology. Thomas Kaegi, Co-Head of UBS Asset Management APAC, stated, "We have observed an increasing investor appetite for tokenized financial assets across asset classes. By leveraging our global capabilities and collaborating with our colleagues and regulators, we can now offer our clients an innovative solution." Token holders will now have access to institutional-grade cash management solutions supported by high-quality money market instruments based on a conservative, risk-managed framework from UBS Asset Management. UBS Asset Management’s global distributed ledger technology strategy is focused on leveraging both public and private blockchain networks for advanced fund issuance and distribution.