UBS launches tokenized money market investment fund on Ethereum
Quick Take Investment bank UBS has launched its first tokenized investment fund, a money market fund on the Ethereum blockchain. UBS joins BlackRock and Franklin Templeton in exploring the tokenization of real-world assets by offering such funds.
Investment giant UBS, the largest private bank in the world, today announced the launch of uMINT, or the "UBS USD Money Market Investment Fund Token," a tokenized investment fund on the Ethereum blockchain.
While UBS didn't disclose exactly which financial instruments made up the fund, it said the fund provides investors access to "high quality money market instruments based on a conservative, risk-managed framework" in a press release .
"We have seen growing investor appetite for tokenized financial assets across asset classes," Thomas Kaegi, co-head of UBS's Asian arm, said.
Ethereum is currently the largest blockchain for real-world asset tokenization, according to dashboard RWA.xyz , which tallies over $3 billion worth of tokenized assets on the network. About $3.9 billion worth of assets are currently tokenized onchain not counting private credit, according to the dashboard, with U.S. Treasury Debt forming the largest subset.
The value of tokenized assets on Ethereum has grown nearly 4% in the last 30 days, according to the dashboard. BlackRock's $BUIDL has the highest market cap for products that hold U.S. Treasuries with over $523 million worth of value, while Franklin Templeton's $FOBXX On-Chain U.S. Government Money Fund has a market cap of about $408 million.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
38% Dogecoin Rebound, Cardano Tests AI Limits, But Unstaked’s AI Advantage Steals the Show
Dogecoin (DOGE) jumps 38%, and Cardano (ADA) launches an AI testnet, but Unstaked’s advanced AI agents go beyond marketing, offering real impact and value.Dogecoin (DOGE) Future: Aiming for $3.94 with MomentumCardano (ADA) Blockchain Tests AI ScalabilityUnstaked: AI That Goes Beyond MarketingFinal Take: Real AI Utility vs. Hype
ETH Trades at Historic Lows vs BTC Since 2019
ETH hits lowest value compared to BTC since 2019, raising questions on a potential rebound amid mixed fundamentals.ETH Undervalued Against BTC: A Historical SetupBullish History, Bearish FundamentalsPatience Required for Ethereum Bulls
Popcat Climbs, Dogecoin Stalls, But BTFD Triples Tokens with 200% Bonus—Best Meme Coin Presale to Buy Now Before May 26 DeadlineConclusion: Don’t Mis
BTFD Coin surges in Stage 15 with 90% APY staking and 200% bonus. Best meme coin presale to buy now before it launches on May 27!BTFD Coin (BTFD) – The Bulls Are Charging, Are You In?Dogecoin (DOGE) – The OG Meme King Facing Shaky GroundPopcat (POPCAT) – The Smart Money Magnet of the Moment
SHIBA’s Hype Fades, ADA Devs Work; Meanwhile, Web3 ai Becomes Highest Trending Crypto With $500K Frenzy
Explore Shiba Inu (SHIBA) recovery trends, Cardano (ADA) prediction backed by developer growth, and how Web3 ai’s Portfolio Optimizer replaces guesswork with smart strategy. Learn why Web3 ai is gaining traction among the highest trending crypto tools.Web3 ai’s Portfolio Optimizer Turns Guesswork Into GainsShiba Inu (SHIBA) Recovery Sparks Renewed Interest After Key Price ReboundCardano (ADA) Prediction: Development Surge Fuels Bullish OutlookStrategy Over Speculation
Trending news
MoreCrypto prices
More
