UBS launches tokenized fund || Ethereum Into The Heart of TradFi
The Union Bank of Switzerland (UBS) has rolled out a tokenized fund on the Ethereum blockchain network after highlighting the increasing interest among investors in tokenized financial assets.
In a Nov. 1 statement, the bank launched the money market fund built on the Ethereum network as the “UBS USD Money Market Investment Fund Token,” also known as the “uMINT.”
UBS APAC co-head Thomas Kaegi explained that the firm has “seen a growing investor appetite for tokenized financial assets across asset classes.”
Crypto commentators are bullish that the move will positively impact Ether’s ETH $2,505.07 price.
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TAGS: #ubs #tokenized #ethereum #eth #ethereumblockchain #crypto #cryptocurrency #tokenizedfinancial #Unionbankofswitzerland #moneymarket #UBSlaunched #blackrock #digitalassets
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