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.