PANews, November 1: UBS Asset Management announced the global launch of its first tokenized money market fund, uMINT, based on Ethereum distributed ledger technology (DLT), starting from Singapore. The fund aims to provide investors with a risk-controlled, institutional-grade cash management solution that supports high-quality money market instruments.
Previously, UBS participated as an industry partner in the Monetary Authority of Singapore's 'Project Guardian' for the pilot of tokenized Variable Capital Company (VCC) funds, and completed the world's first cross-border repurchase transaction on a public blockchain in 2023.
