Home web3.0 UBS Asset Management Launches New Investment Fund uMINT That Uses Ethereum's DLT to Target Institutional Investors

UBS Asset Management Launches New Investment Fund uMINT That Uses Ethereum's DLT to Target Institutional Investors

Nov 02, 2024 pm 06:12 PM
Ethereum Tokenized Money Market Fund uMINT UBS

According to the press release, this fund is a money market investment that uses Ethereum's distributed ledger technology (DLT) to offer a modern way

UBS Asset Management Launches New Investment Fund uMINT That Uses Ethereum's DLT to Target Institutional Investors

UBS Asset Management has officially announced the launch of a new investment fund known as the UBS USD Money Market Investment Fund Token, which is notably being referred to as uMINT.

This fund is essentially a money market investment that utilizes Ethereum's distributed ledger technology (DLT) to provide a contemporary approach for institutional investors in managing their funds, as stated in a press release.

Highlighting the increasing interest among investors in digital financial products, Thomas Kaegi, Co-Head of UBS Asset Management for Asia-Pacific, explained the rationale behind the fund's creation.

"We are seeing growing demand for tokenised financial assets across asset classes. By leveraging UBS’s global capabilities and partnering with our peers and regulators, we are now able to offer this innovative solution to our clients,” Kaegi stated.

Through uMINT, investors can tap into UBS's cash management services, which are centered around secure money market instruments. These instruments are designed to cater to the conservative and low-risk needs of institutional investors seeking to preserve their funds.

Furthermore, UBS plans to leverage both public and private blockchain networks to enhance its fund issuance and distribution capabilities. The uMINT fund is part of a broader initiative to expand UBS's digital services through a program called UBS Tokenize.

Earlier in 2023, specifically in June, UBS had issued CNH 200 million in fully digital structured notes for a separate entity. They also achieved a significant milestone in November 2023 by completing the world's first cross-border repurchase transaction involving a digital bond, which was entirely executed on a public blockchain.

In addition, UBS is engaged in a project with the Monetary Authority of Singapore known as Project Guardian. As part of this initiative, they launched a pilot program for tokenized Variable Capital Company (VCC) funds in October 2023.

The uMINT fund will be made available through authorized distribution partners, enabling investors to easily access this new investment avenue. Following its acquisition of Credit Suisse early last year, the firm now boasts around $5.7 trillion in assets under management and spans over 50 countries.

The above is the detailed content of UBS Asset Management Launches New Investment Fund uMINT That Uses Ethereum's DLT to Target Institutional Investors. For more information, please follow other related articles on the PHP Chinese website!

Statement of this Website
The content of this article is voluntarily contributed by netizens, and the copyright belongs to the original author. This site does not assume corresponding legal responsibility. If you find any content suspected of plagiarism or infringement, please contact admin@php.cn

Hot Article Tags

Notepad++7.3.1

Notepad++7.3.1

Easy-to-use and free code editor

SublimeText3 Chinese version

SublimeText3 Chinese version

Chinese version, very easy to use

Zend Studio 13.0.1

Zend Studio 13.0.1

Powerful PHP integrated development environment

Dreamweaver CS6

Dreamweaver CS6

Visual web development tools

SublimeText3 Mac version

SublimeText3 Mac version

God-level code editing software (SublimeText3)

Glauber Contessoto Predicts Parabolic Rise for Ethereum ETH/USD, Targeting $15,000 This Cycle Glauber Contessoto Predicts Parabolic Rise for Ethereum ETH/USD, Targeting $15,000 This Cycle Nov 20, 2024 am 10:08 AM

Glauber Contessoto Predicts Parabolic Rise for Ethereum ETH/USD, Targeting $15,000 This Cycle

Yeti Ouro (YETIO) Shaping Up to Be One of the Best Meme Coins of 2024 Yeti Ouro (YETIO) Shaping Up to Be One of the Best Meme Coins of 2024 Nov 11, 2024 pm 06:12 PM

Yeti Ouro (YETIO) Shaping Up to Be One of the Best Meme Coins of 2024

WallitIQ (WLTQ) To Rival The Meme Coin Hype Cycle WallitIQ (WLTQ) To Rival The Meme Coin Hype Cycle Nov 14, 2024 pm 12:38 PM

WallitIQ (WLTQ) To Rival The Meme Coin Hype Cycle

Tether (USDT) Market Leader Position Reinforced Amid Stablecoin Growth, as the Issuer Adjusts Reserve Distribution to Meet User Demand Tether (USDT) Market Leader Position Reinforced Amid Stablecoin Growth, as the Issuer Adjusts Reserve Distribution to Meet User Demand Nov 07, 2024 pm 10:04 PM

Tether (USDT) Market Leader Position Reinforced Amid Stablecoin Growth, as the Issuer Adjusts Reserve Distribution to Meet User Demand

WallitIQ (WLTQ): A Promising Ethereum Altcoin For Significant Gains WallitIQ (WLTQ): A Promising Ethereum Altcoin For Significant Gains Nov 06, 2024 pm 12:42 PM

WallitIQ (WLTQ): A Promising Ethereum Altcoin For Significant Gains

Bitcoin (BTC) Rallies to New All-Time High Above $75,000, Altcoins Join the Party Bitcoin (BTC) Rallies to New All-Time High Above $75,000, Altcoins Join the Party Nov 07, 2024 pm 12:00 PM

Bitcoin (BTC) Rallies to New All-Time High Above $75,000, Altcoins Join the Party

Ethereum Burn Leaders: Uniswap, Metamask, 1Inch, and Gnosis Ethereum Burn Leaders: Uniswap, Metamask, 1Inch, and Gnosis Nov 11, 2024 pm 03:32 PM

Ethereum Burn Leaders: Uniswap, Metamask, 1Inch, and Gnosis

Bitcoin ETF to Drive Market Momentum? Bitcoin ETF to Drive Market Momentum? Nov 20, 2024 am 01:24 AM

Bitcoin ETF to Drive Market Momentum?