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$5.7 Trillion Asset Giant UBS Unveils Ethereum-Powered Money Market Fund

  • UBS, a $5.7 trillion asset giant, has launched a tokenized money market fund built on the Ethereum blockchain.
  • The fund, called UBS USD Money Market Investment Fund Token (uMINT), aims to cater to growing investor appetite for tokenized financial assets.
  • Based in Singapore, uMINT utilizes Ethereum's blockchain for transparency, security, and enhanced liquidity.
  • UBS has been actively exploring digital assets and tokenization through initiatives like UBS Tokenize and participation in Fnality, a settlement network.

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