UBS Launches Tokenized Money Market Fund on Ethereum, Expanding Real-World Asset Tokenization
Investment powerhouse UBS, the world’s largest private bank, has unveiled uMINT, a tokenized money market fund on the Ethereum blockchain. Known as the ”UBS USD Money Market Investment Fund Token,” this new offering makes UBS one of the latest major financial institutions to explore blockchain technology for tokenizing real-world assets.
While UBS has not detailed the specific financial instruments included in the fund, it describes uMINT as offering access to “high-quality money market instruments” within a conservative, risk-managed framework. According to Thomas Kaegi, UBS’s co-head for Asia, there’s a growing appetite among investors for tokenized assets, sparking innovation across multiple asset classes.
Ethereum currently leads in real-world asset tokenization, hosting over $3 billion worth of tokenized assets, according to data from RWA.xyz. This includes a substantial portion tied to U.S. Treasury debt. Recent growth has been notable, with the value of tokenized assets on Ethereum rising nearly 4% in the past month.
With uMINT, UBS joins other prominent players like BlackRock and Franklin Templeton, which have launched tokenized U.S. Treasury and government money market funds on Ethereum. BlackRock’s $BUIDL holds a market cap of $523 million, and Franklin Templeton’s $FOBXX has a market cap of approximately $408 million, illustrating the rapid rise of tokenized financial products in traditional markets.
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