- UBS Asset Management launched its first tokenized investment fund, uMINT
- DigiFT, a Singapore-based regulated fintech, facilitates uMINT subscriptions via digital custody wallets and offers real-time redemption options.
UBS Asset Management has launched its first tokenized investment fund, “uMINT.” Built on Ethereum’s distributed ledger, uMINT is a money market fund focused on conservative, risk-managed investments in high-quality money market instruments. The fund seeks to leverage blockchain technology to streamline investment processes and offer a new level of transparency and efficiency.
Why does it matter? UBS Group AG, headquartered in Zurich and Basel, Switzerland, is a leading global financial services firm with a rich history and diverse operations. UBS is recognized as the largest truly global wealth manager, overseeing approximately $4.3 trillion in assets. In March 2023, UBS acquired Credit Suisse in a state-backed deal valued at $3.2 billion. Following the acquisition, the asset management business of UBS grew to about $1.6 trillion from $1.1 trillion in 2022. In the third quarter of 2024, UBS reported a net profit of $1.4 billion.
Partnering with Singapore-based fintech DigiFT, UBS has brought the fund to market in a structure that allows investors to subscribe using their preferred digital custody wallets and offers real-time redemption capabilities.
Through DigiFT’s platform, users gain on-chain operational visibility and automated compliance, aiming to make investment management more accessible and efficient.
Henry Zhang, CEO of DigiFT, called the collaboration as a milestone for Web3 and decentralized finance. “This partnership bridges traditional finance with digital and decentralized technologies, delivering next-generation investment solutions on an open network,” said Zhang.
DigiFT, recognized as a Regulated Market Operator (RMO) with a Capital Markets Services (CMS) license from the Monetary Authority of Singapore, will also manage the infrastructure and monitor on-chain distribution for the fund.
Leveraging its blockchain capabilities, DigiFT’s platform records all transactions on an immutable ledger, providing investors with enhanced transparency, operational efficiency, and real-time audit visibility.
With uMINT, UBS aims to open a gateway for institutional and individual investors to explore the benefits of decentralized finance.
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