UBS Asset Management launches its first tokenized investment fund “uMINT”, available through authorized distribution partner DigiFT.
With DigiFT, investors can subscribe to uMINT via their preferred custody wallet solution and gain access to real-time repayment options via the DigiFT platform. uMINT is a money market investment based on high quality money market instruments based on a conservative, risk-managed framework. uMINT is based on Ethereum’s distributed ledger technology and is available under UBS Tokenize issued, UBS’s in-house tokenization service, a full-service digital asset services offering designed to open the door to the world of decentralized finance to a broader range of market participants.
“As an authorized distribution partner of UBS Asset Management, we are honored to launch the first tokenized money market fund. This is an important milestone in the world of Web3 and a testament to our ability to transform capital markets. “This partnership not only connects traditional finance with digital and decentralized technologies, but also demonstrates our ability to deliver next-generation investment solutions over an open network – to a new generation of global investors,” says Henry Zhang, Founder and Chief Executive Officer of DigiFT.
As part of the partnership, DigiFT will provide the infrastructure to manage and monitor on-chain sales activities and transactions for the new tokenized money market fund. Thanks to blockchain technology, DigiFT’s world-class, open infrastructure ensures that all transactions are stored and recorded on an immutable ledger, enabling real-time transparency for operations and auditing. In addition to streamlining administrative processes, DigiFT is capable of leveraging smart contracts and facilitating automated compliance and operational efficiencies, enabling investors to invest and discover new Web3 financial use cases.
DigiFT is the first exchange to use smart contract methods and processes with an automated market making mechanism and is recognized by the Monetary Authority of Singapore as a Recognized Market Operator (RMO) and awarded the Capital Markets Services (CMS) license became.
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Information about DigiFT
DigiFT is the first real on-chain asset exchange licensed by the Monetary Authority of Singapore. Learn more www.digift.sg
For media inquiries please contact media@digift.com.sg
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