UBS Asset Management Launches First Tokenised Investment Fund on Ethereum Blockchain

Introduction

UBS Asset Management has introduced its inaugural tokenised investment fund, the “UBS USD Money Market Investment Fund Token” (uMINT), deployed on Ethereum’s blockchain. This groundbreaking token provides investors with access to top-tier cash management solutions supported by high-quality money market instruments within a prudent, risk-managed framework.

Blockchain Innovation in Fund Issuance

As part of UBS’ strategic vision to enhance fund issuance and distribution processes, the launch of uMINT represents a significant milestone in the use of blockchain technology within the financial sector. This move demonstrates UBS’ commitment to leveraging blockchain for improved financial products and services.

Redefining Financial Instruments

By capitalizing on blockchain technology, UBS aims to redefine traditional financial instruments and pave the way for innovative investment opportunities. The tokenisation of the uMINT fund showcases UBS’ dedication to exploring new avenues in asset management.

Previous Blockchain Initiatives

Prior to the uMINT launch, UBS ventured into the realm of blockchain technology by piloting a tokenised Variable Capital Company (VCC) fund in collaboration with the Monetary Authority of Singapore’s Project Guardian. These initiatives highlight UBS’ proactive approach towards adopting blockchain solutions in various financial ventures.

Strategic Collaborations

UBS has forged strategic partnerships with industry peers and regulatory bodies to drive innovation and create value for its clients. By collaborating with global stakeholders, UBS aims to provide clients with cutting-edge financial solutions that align with market demands.

Future Outlook

Thomas Kaegi, Co-Head of UBS Asset Management APAC, emphasized the firm’s commitment to meeting the evolving needs of investors by offering innovative financial products. UBS remains dedicated to leveraging its global expertise and collaborative networks to deliver unique solutions in the digital asset landscape.

Featured image credit: Edited from Freepik