**UBS Launches Tokenized Fund on Ethereum**

UBS has introduced a tokenized money market fund on the Ethereum blockchain, named the "UBS USD Money Market Investment Fund Token" or "uMINT." This move reflects the growing interest in tokenized financial assets among investors.

Thomas Kaegi, UBS APAC co-head, noted the increasing demand for such assets across various classes. Crypto analysts are optimistic, predicting a positive impact on Ether's (ETH) price.

UBS promises institutional-grade cash management solutions for token holders, emphasizing a conservative, risk-managed framework. This follows a successful pilot of the tokenized fund last year.

Other financial institutions are also diving into blockchain-based funds. Franklin Templeton recently launched a tokenized money fund on Coinbase’s Base network, while BlackRock's USD Institutional Digital Liquidity Fund remains the largest of its kind.

Stay tuned as traditional finance increasingly embraces blockchain technology.