Singapore, November 1, 2024 — UBS Asset Management announced the launch of the "UBS USD Money Market Investment Fund Token" (uMINT), a pioneering money market investment built on Ethereum’s distributed ledger technology.
Institutional-Grade Tokenized Fund
Tokenholders gain access to UBS Asset Management’s institutional-grade cash management solutions, backed by high-quality money market instruments and a conservative, risk-managed framework.
Key Features:
- Blockchain-native infrastructure: Leverages Ethereum for transparency and efficiency.
- Regulatory collaboration: Developed alongside peers and regulators to ensure compliance.
- Global accessibility: Expands investor access to tokenized financial assets.
Strategic Vision for Tokenization
UBS Asset Management’s global distributed ledger strategy focuses on enhancing fund issuance and distribution through public and private blockchains. As part of Singapore’s Project Guardian initiative, UBS piloted a tokenized Variable Capital Company (VCC) fund in 2023.
👉 Explore how blockchain is transforming asset management
Milestones in Digital Assets:
- June 2023: Originated CNH 200 million in fully digital structured notes via UBS Tokenize.
- November 2023: Executed the world’s first cross-border repo transaction with a native digital bond on a public blockchain.
About UBS
UBS is a global leader in wealth management and diversified banking, managing $5.7 trillion in assets (Q4 2023). Headquartered in Zurich, it operates in 50+ markets with listings on the SIX Swiss Exchange and NYSE.
UBS Tokenize: Bridging Traditional and Decentralized Finance
UBS Tokenize offers end-to-end tokenization services for bonds, funds, and structured products, streamlining asset lifecycle management:
- Origination to custody: Secure, scalable solutions.
- Democratized access: Lowering barriers to decentralized finance.
FAQ
1. What is the uMINT fund?
A tokenized money market fund on Ethereum, offering institutional-grade cash management via blockchain.
2. How does tokenization benefit investors?
Enables faster settlements, transparency, and broader access to traditionally illiquid assets.
3. Is UBS Tokenize regulated?
Yes, it collaborates with global regulators, including Singapore’s MAS, to ensure compliance.
👉 Learn more about tokenization’s future
For media inquiries:
- Julie Yeo: +65 9673 4433
- Adeline Lee: +65 9753 2480
- Kate Oei: +65 9271 2077
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