Swiss Financial Giant Embraces Tokenization
UBS, one of the world’s largest asset management companies, has initiated a pilot for a tokenized money market fund on the Ethereum blockchain.
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This initiative is part of the broader ‘Guardian' project overseen by the Monetary Authority of Singapore.
It aims to bring real-world assets onto the blockchain, focusing on streamlining fund operations like subscriptions and redemptions.
Thomas Kaegi, Head of UBS Asset Management, Singapore & Southeast Asia, sees this pilot as a crucial step in understanding fund tokenization, with a focus on enhancing market liquidity and accessibility for customers.
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