Today UBS announced the issuance of an investment-grade tokenized warrant in Hong Kong on the Ethereum public blockchain. It used the UBS Tokenize issuance solution. It was a call warrant on Xiaomi stock and was sold to OSL Digital Securities.
“The introduction of the UBS tokenized warrant reinforces the bank’s position as the leading derivative products issuer in Hong Kong,” said Winni Cheuk, Head of Sales, APAC Public Distribution, UBS Global Markets. “Created natively on a public blockchain in a permissioned environment, this innovative product enhances transparency, reduces transaction fees, streamlines settlement processes, and allows for more flexible trading hours.”
UBS has long been active in the institutional DLT space – it was cofounder of the institutional payment system Fnality. Recently it has been flexing its muscles in web3.
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