UBS Asset Management launches its first tokenized money market investment fund, available via DigiFT

UBS Asset Management launches its first tokenized investment fund “uMINT”, made available via authorized distribution partner DigiFT.

With DigiFT, investors can subscribe to uMINT using their preferred custodial wallet solution, gaining access to real-time redemption capabilities via the DigiFT platform. uMINT, a money market investment backed by high-quality money market instruments based on a conservative and risk-managed framework, uses Ethereum distributed ledger technology and is issued by USB under its in-house tokenization service UBS Tokenize – a comprehensive digital asset service offering that aims to open the world of decentralized finance to a wider range of market participants.

“We are honored to be an authorized distribution partner for UBS Asset Management in the launch of their first tokenized money market fund. This is a milestone in the Web3 world that demonstrates our ability to transform capital markets. This partnership not only bridges traditional finance with digital and decentralized technologies, but also demonstrates our ability to provide next-generation investment solutions on an open network, for a new generation of global investors,” comments  Henry Zhang , Founder and CEO of DigiFT.

As part of the partnership, DigiFT will provide the infrastructure to manage and monitor on-chain distribution activities and transactions for the new tokenized money market fund. Powered by blockchain technology, DigiFT’s open, cutting-edge infrastructure ensures that all transactions are stored and recorded on an immutable ledger, providing real-time operational and audit visibility. In addition to streamlining administrative procedures, DigiFT is able to leverage smart contracts and facilitate automated compliance and operational efficiency, thereby enabling investors to invest and explore new Web3 financial use cases.

DigiFT is the first exchange that adopts methods and processes based on smart contracts, with an automatic market making mechanism, to have obtained the Recognised Market Operator (RMO) recognition and the Capital Markets Services (CMS) license granted by the Monetary Authority of Singapore .

Disclaimer: This article is not an advertisement making an offer or calling attention to an offer or intended offer.

About DigiFT

DigiFT is the first on-chain real asset exchange to be licensed by the Monetary Authority of Singapore . Learn more at www.digift.sg

For media inquiries please contact media@digift.com.sg