SINGAPORE, Nov. 2, 2024
/PRNewswire/ -- UBS Asset Management, launches its first tokenized
investment fund "uMINT", made available through authorized
distribution partner, DigiFT.
With DigiFT, investors can subscribe to uMINT using their
preferred custody wallet solution, gaining access to real-time
redemption capabilities via DigiFT's platform. uMINT, a Money
Market investment underpinned by high quality money market
instruments based on a conservative, risk-managed framework, is
built on Ethereum distributed ledger technology and issued under
UBS Tokenize, UBS's in-house tokenization service, a full service
offering for digital asset services, that seeks to open the door to
the world of decentralized finance to a broader range of market
participants.
"We're honoured to be an authorized distribution partner for UBS
Asset Management in launching their first tokenized money market
fund. This is a significant milestone in the world of Web3, and a
testament of our ability to transform capital markets. Not only
does this partnership bridge traditional finance with digital and
decentralized technologies, it also demonstrates our ability to
deliver next-generation investment solutions on an open network -
for a new generation of global investors,"
said Henry Zhang,
Founder & Chief Executive Officer of DigiFT.
As part of the partnership, DigiFT will provide infrastructure
for managing and monitoring on-chain distribution activities and
transactions for the new tokenized money market fund. Enabled by
blockchain technology, DigiFT's best-in-class, open infrastructure
ensures all transactions are stored and recorded on an immutable
ledger, providing real-time operational and audit visibility.
Beyond streamlining administrative processes, DigiFT is able to
leverage smart contracts and facilitate automated compliance and
operational efficiencies, further allowing investors to invest and
explore new financial Web3 use cases.
DigiFT is the first exchange deploying smart contract methods
and processes, with an automatic market-making mechanism, to be
recognized as a Recognised Market Operator (RMO) and awarded the
Capital Markets Services (CMS) license 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 exchange for on-chain real-world assets to
be licensed by the Monetary Authority of Singapore. Find out more www.digift.sg
For media enquiries, please contact media@digift.com.sg
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