Tuesday, November 5
  • 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.

Read Also: Singapore-based DEX DigiFT secures $10.5M in Pre-Series A funding round led by Shanda Group

Disclaimer: Information provided on AlexaBlockchain is for informational purposes only and not financial advice. Crypto investments, including ICOs, IDOs, presales, and other token offerings, are highly risky. You are responsible for conducting your own research (DYOR) before making any financial commitments. Take professional advice before making any investment. Read complete disclaimer here.

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Arun Shakyawar is a Tech writer based out of Los Angeles. He holds an Engineering degree in Electronics and communications, and an MBA in marketing. He specializes in TMT. Before writing full-time, Arun worked as a management consultant with leading consulting firms. As a consultant he developed interest in blockchain technology, and now actively tracks blockchain and digital asset markets. Arun can be reached at arun@alexablockchain.com.

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