Close Menu
  • Home
  • Altcoin
  • Bitcoin
  • Crypto
  • Forex
  • Online Money
What's Hot

MA Crosses MT4 Indicator – ForexMT4Indicators.com

October 10, 2025

Google Search Ranking Volatility Heats Up October 7th and 8th

October 10, 2025

Analyst Predicts XRP Could Stand Among The ‘Greatest’ Assets In Modern History

October 9, 2025
Facebook X (Twitter) Instagram
  • Altcoin
  • Bitcoin
  • Crypto
  • Forex
  • Online Money
Facebook X (Twitter) Instagram
Cointelegraphe
  • Home
  • Altcoin
  • Bitcoin
  • Crypto
  • Forex
  • Online Money
Cointelegraphe
Home»Altcoin»Banking Giant UBS Rolls Out Tokenized Money Market Fund on Ethereum (ETH)
Banking Giant UBS Rolls Out Tokenized Money Market Fund on Ethereum (ETH)
Altcoin

Banking Giant UBS Rolls Out Tokenized Money Market Fund on Ethereum (ETH)

adminBy adminNovember 3, 2024No Comments2 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email


UBS Asset Management is unveiling its first tokenized investment fund on the leading smart contract platform Ethereum (ETH).

In a statement, the global wealth manager and multinational investment bank says the UBS USD Money Market Investment Fund Token (uMINT) will be made available through authorized distribution partners.

The Swiss firm with over $5.7 trillion in assets under management as of March 2024 says uMINT’s launch forms part of the broader expansion of UBS Tokenize, the banking giant’s in-house tokenization service initially focused on bonds, funds and structured products.

Says UBS Asset Management Asia-Pacific co-head Thomas Kaegi, 

“We have seen growing investor appetite for tokenized financial assets across asset classes. Through leveraging our global capabilities and collaborating with peers and regulators, we can now provide clients with an innovative solution.”

Last year, UBS launched a live pilot program of a tokenized Variable Capital Company (VCC) fund in Singapore as part of an initiative to bring real-world assets on-chain. UBS said its global distributed ledger technology strategy is focused on leveraging both public and private blockchain networks to improve the issuance and distribution of funds.

Financial services firm Franklin Templeton also recently launched its U.S. Government Money Fund (FOBXX), which invests in US government securities, cash and repurchase agreements, on crypto exchange Coinbase’s layer-2 chain Base.

Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

Check Price Action

Follow us on X, Facebook and Telegram

Surf The Daily Hodl Mix

&nbsp

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Generated Image: DALLE3





Source link

Banking ETH Ethereum Fund Giant Market money News Rolls Tokenized UBS
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
admin
  • Website

Related Posts

Daily Broad Market Recap – October 8, 2025

October 9, 2025

Bitcoin Technical Analysis for July 2019

October 9, 2025

Rally Fueled by ‘Perfect Storm,’ ETH, DOGE, BNB Surge

October 7, 2025

Making Zebra More Accessible: Major CI/CD Improvements for Contributors

October 7, 2025
Add A Comment
Leave A Reply Cancel Reply

Top Insights

MA Crosses MT4 Indicator – ForexMT4Indicators.com

October 10, 2025

Google Search Ranking Volatility Heats Up October 7th and 8th

October 10, 2025

Analyst Predicts XRP Could Stand Among The ‘Greatest’ Assets In Modern History

October 9, 2025

Daily Broad Market Recap – October 8, 2025

October 9, 2025
ads

Subscribe to Updates

Get the latest creative news from Cointelegraphe about Crypto, bItcoin and Altcoin.

About Us
About Us

At CoinTelegraphe, we are dedicated to bringing you the latest and most insightful news, analysis, and updates from the dynamic world of cryptocurrency. Our mission is to provide our readers with accurate, timely, and comprehensive information to help them navigate the complexities of the crypto market.

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

MA Crosses MT4 Indicator – ForexMT4Indicators.com

October 10, 2025

Google Search Ranking Volatility Heats Up October 7th and 8th

October 10, 2025

Analyst Predicts XRP Could Stand Among The ‘Greatest’ Assets In Modern History

October 9, 2025
Get Informed

Subscribe to Updates

Get the latest creative news from Cointelegraphe about Crypto, bItcoin and Altcoin.

Please enable JavaScript in your browser to complete this form.
Loading
  • About us
  • Contact Us
  • Shop
  • Privacy Policy
  • Terms and Conditions
Copyright 2024 Cointelegraphe Design By Horaam Sultan.

Type above and press Enter to search. Press Esc to cancel.