Today UBS Asset Management announced the launch of its “UBS USD Money Market Investment Fund Token” (“uMINT”) which is “built on Ethereum distributed ledger technology”. We confirmed that it is issued on the public mainnet, even though UBS Tokenize supports both public and private blockchains.
The Singapore fund will only be available through authorized distribution partners, with DigiFT as the first one. That’s the case for most regulated entities, including BlackRock’s BUIDL money market fund where Securitize is a partner.
“We have seen growing investor appetite for tokenized financial assets across asset classes,” said Thomas Kaegi, Co-Head of UBS Asset Management APAC. “Through leveraging our global capabilities and collaborating with peers and regulators, we can now provide clients with an innovative solution.”
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