Union Bank of Switzerland (UBS) has announced the launch of its first tokenized fund, called uMINT, on the Ethereum blockchain. This comes as an increasing number of investors show interest in tokenized assets. The fund aims to provide a quality, risk-managed money market investment product. UBS is a global leader in institutional blockchain financing and is committed to digital finance, specifically researching blockchain technology.
This move is considered an important strategic step for UBS in the global asset management market, as they strive for long-term sustainable profitability.
