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UBS Asset Management Launches Live Pilot Program for Tokenized Money Market Fund on Ethereum
UBS Asset Management is making significant strides in the world of tokenization with its live pilot program of a tokenized Variable Capital Company (VCC) fund on the Ethereum blockchain. This initiative is part of UBS Asset Management's broader strategy to leverage blockchain technology for enhanced fund issuance and distribution. By partnering with traditional financial institutions and fintech providers, UBS aims to improve market liquidity and market access for clients. This move follows UBS's previous success in tokenization, including the issuance of a $50 million tokenized fixed rate note and the origination of $200 million of fully digital structured notes.
Key Points: - UBS Asset Management is launching a live pilot program of a tokenized Variable Capital Company (VCC) fund on the Ethereum blockchain. - This initiative is part of UBS's broader strategy to leverage blockchain technology for enhanced fund issuance and distribution. - UBS aims to improve market liquidity and market access for clients by partnering with traditional financial institutions and fintech providers. - UBS has previously found success in tokenization, including the issuance of a $50 million tokenized fixed rate note and the origination of $200 million of fully digital structured notes.
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