UBS Launches Tokenized Fund On Ethereum Blockchain
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CryptoIntelligence 2024-11-02 22:33:00

UBS Launches Tokenized Fund On Ethereum Blockchain

The Union Bank of Switzerland (UBS) has introduced a tokenized fund on the Ethereum blockchain, responding to growing investor demand for tokenized financial assets. On Nov. 1, UBS launched its “UBS USD Money Market Investment Fund Token,” or “uMINT,” built on Ethereum. Thomas Kaegi, UBS APAC co-head, highlighted the bank’s response to “a growing investor appetite for tokenized financial assets across asset classes.” Crypto enthusiasts believe this could positively impact Ether’s price. Mario Nawfal’s Roundtable posted on X that UBS’s move could put “ETH right into the heart of traditional finance,” predicting that tokenized assets may soon become mainstream as

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