UBS has launched a tokenized fund on the Ethereum blockchain. In a statement on November 1, the UBS USD Money Market Investment Fund Token (uMINT) was introduced. UBS APAC co-head Thomas Kaegi noted that investors are increasingly interested in tokenized financial assets.

Crypto commentators believe that this move will have a positive impact on the price of Ether (ETH). "If the big banks get into this space, it's only a matter of time before tokenized assets become mainstream," Mario Nawfal's Roundtable said.

How do you think this development will affect the price of ETH? We're waiting for your comments.