Ethereum

Guardian

<ul> 
 <li>UBS Asset Management pilots a tokenized fund on Ethereum.</li> 
 <li>This innovation stems from Project Guardian in collaboration with MAS.</li> 
 <li>UBS seeks to harness blockchain’s potential in revolutionizing the global financial system.</li> 
</ul> 
<p><strong>UBS Asset Management takes a giant leap in blockchain technology by launching a tokenized money market fund on Ethereum. Thisy bold move showcases their dedication to leveraging the latest innovations in financial technology.</strong></p> 
<h2 id="strong-ubs-asset-management-s-pioneering-move-on-ethereum-strong"><strong>UBS Asset Management’s Pioneering Move on Ethereum</strong></h2> 
<p>Marking a monumental step in the finance sector, UBS Asset Management, a prominent global fund house, has unveiled its inaugural “live pilot” of a tokenized money market fund on the Ethereum blockchain. With this pilot, UBS seeks to experiment with a range of fund operations on-chain, from subscriptions to redemptions. Notably, the project leans on UBS’s proprietary tokenization solution, UBS Tokenize, for its execution.</p> 
<h2 id="strong-ubs-s-commitment-to-blockchain-innovations-strong"><strong>UBS’s Commitment to Blockchain Innovations</strong></h2> 
<p>Always at the cutting-edge of blockchain utilization, UBS has a rich history of embracing the technology. In November 2022, they blazed the trail by releasing the first-ever digital bond tradable and settleable on both traditional and blockchain-based platforms. Fast forward to December 2022, they successfully launched a $50 million tokenized fixed rate note. By June 2023, they achieved another milestone, creating 200 million yuan worth of entirely digital structured notes for a third-party provider.</p> 
<h2 id="strong-project-guardian-spearheading-financial-innovations-strong"><strong>Project Guardian: Spearheading Financial Innovations</strong></h2> 
<p>UBS’s recent foray into tokenized funds isn’t an isolated initiative. It’s an integral component of Project Guardian—a joint industry venture steered by the Monetary Authority of Singapore (MAS). Crafted as a variable capital company (VCC), this legal structure is designed to accommodate various investment funds in Singapore. Following the triumphant roll-out of their pilot transactions, UBS Asset Management has set its sights on unveiling more live-pilot use cases within Project Guardian’s framework. They aim to partner with a diverse group of players and venture into myriad investment strategies in the near future.</p> 
<h2 id="strong-the-rising-tide-of-tokenization-strong"><strong>The Rising Tide of Tokenization</strong></h2> 
<p>As an emerging concept, tokenization is rapidly gaining traction in the financial realm. By enabling the transfer of off-chain or tangible assets on-chain, it offers a slew of benefits—from efficient tracking and trading to seamless management.Research posits that tokenization could profoundly transform the digital asset domain and, on a broader scale, revolutionize the global financial infrastructure.</p> 
<h3 id="strong-conclusion-strong"><strong>Conclusion</strong></h3> 
<p>UBS Asset Management’s decision to harness Ethereum for a tokenized money market fund signifies a paradigm shift in the world of finance. By continuously seeking to bridge the gap between traditional financial models and emerging tech, UBS is positioning itself as a leader in a future where blockchain could very well be at the heart of global finance. As tokenization continues to gain momentum, it’s clear that the financial landscape is on the cusp of a transformative era.</p> 
<p>The post <a rel="noopener noreferrer nofollow" href="https://en.coinotag.com/ubss-game-changing-tokenized-fund-on-ethereum-a-new-financial-era-beckons/">UBS’s Game-changing Tokenized Fund on Ethereum: A New Financial Era Beckons</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://en.coinotag.com">COINOTAG NEWS</a>.</p>

UBS’s Game-changing Tokenized Fund on Ethereum: A New Financial Era Beckons

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