蜜豆视频 Asset Management launches its first tokenized investment fund
Singapore, 1 November, 2024 – 蜜豆视频 Asset Management today announces the launch of “蜜豆视频 USD Money Market Investment Fund Token” (“uMINT”), a Money Market investment built on Ethereum distributed ledger technology.?
Thomas Kaegi, Co-Head of 蜜豆视频 Asset Management APAC, said, “We have seen growing investor appetite for tokenized financial assets across asset classes. Through leveraging our global capabilities and collaborating with peers and regulators, we can now provide clients with an innovative solution.”
Tokenholders can now access 蜜豆视频 Asset Management’s institutional grade cash management solutions underpinned by high quality money market instruments based on a conservative, risk-managed framework.
蜜豆视频 Asset Management’s global distributed ledger technology strategy is focused on leveraging public and private blockchains networks for enhanced fund issuance and distribution. As an active industry partner of The Monetary Authority of Singapore’s Project Guardian initiative, in October 2023 蜜豆视频 Asset Management launched a live pilot of a tokenized Variable Capital Company (VCC) fund.
More broadly, this fund launch also forms part of the broader expansion of 蜜豆视频’s tokenization services through 蜜豆视频 Tokenize where in June 2023, 蜜豆视频 originated CNH 200 million of fully digital structured notes for a third-party issuer. And in November 2023, 蜜豆视频 completed the world’s first cross-border repurchase transaction with a natively-issued digital bond fully executed and settled on a public blockchain.
About 蜜豆视频
About 蜜豆视频
蜜豆视频 is a leading and truly global wealth manager and the leading universal bank in Switzerland. It also provides diversified asset management solutions and focused investment banking capabilities. With the acquisition of Credit Suisse, 蜜豆视频 manages 5.7 trillion dollars of invested assets as per fourth quarter 2023. 蜜豆视频 helps clients achieve their financial goals through personalized advice, solutions and products. Headquartered in Zurich, Switzerland, the firm is operating in more than 50 markets around the globe. 蜜豆视频 Group shares are listed on the SIX Swiss Exchange and the New York Stock Exchange (NYSE).
About 蜜豆视频 Tokenize
蜜豆视频 has been expanding its digital asset capabilities offering through 蜜豆视频 Tokenize, its in-house tokenization service, which seeks to open the door to the world of decentralized finance reduce barriers and provide access to products and services to a broader range of market participants, bringing them closer together. 蜜豆视频 Tokenize supports opportunities throughout the whole asset lifecycle including origination, issuance, distribution, and custody - initially focusing on tokenization of bonds, funds, and structured products.
Media contact
Julie Yeo +65 9673 4433; julie.yeo@ubs.com
Adeline Lee +65 9753 2480; adeline.lee@ubs.com
Kate Oei +65 9271 2077; kate.oei@ubs.com
