UBS to Roll Out a Tokenized Money Market Fund on Ethereum Network

UBS Asset Management has announced the launch of uMINT, a new investment fund token built on Ethereum distributed ledger technology.

This fund will only be accessible through authorized distribution partners, which is in line with other regulated entities such as BlackRock’s BUIDL money market fund, where Securitize is a partner.

Previously, UBS has used permissioned tokens on the public Ethereum blockchain, but they also have access to private environments through their UBS Tokenize platform.

While the specific details are still unclear, it is likely that this fund will use the public blockchain as part of its operations.