UBS Asset Management Launches Ethereum-Based Tokenized Investment Fund

UBS Asset Management announced today the launch of its first tokenized money market fund, specifically tailored for Singapore users. This marks the firm’s first tokenized fund.

The UBS USD Money Market Investment Fund Token (uMINT) is a money market investment fund built on Ethereum distributed ledger technology (DLT). It aims to provide institutional investors with a controlled-risk cash management solution.

UBS Asset Launches Tokenized Investments Fund

According to the company, token holders will gain access to UBS Asset Management’s institutional-grade cash management strategy, which utilizes high-quality money market instruments under a conservative, risk-managed framework.

Thomas Kaegi, Co-Head of UBS Asset Management in the Asia Pacific region, emphasized that the launch aligns with increasing investor interest in tokenized assets and highlighted the firm’s commitment to meeting market demand for the product.

“We have observed growing investor demand for tokenized financial assets across asset classes. By leveraging UBS’s global capabilities and collaborating with peers and regulators, we are now able to offer this innovative solution to our clients,” he stated.

uMINT targets the growing demand for digital finance solutions, especially in Asia, where innovation and tech-forward strategies are evolving quickly.

The company said the launch of this product reflects its ongoing commitment to both public and private blockchain networks. This enables it to expand offerings like fund issuance and distribution, creating more streamlined and accessible financial products.

By leveraging blockchain’s potential, UBS expands its service offerings and positions itself as a pioneer in digital finance.

Blockchain Efforts

This is the investment manager’s first step into the tokenization space. Last year, UBS was involved in Singapore’s Project Guardian, a regulatory sandbox initiative from the Monetary Authority of Singapore (MAS).

As part of the program, UBS launched a live pilot for a tokenized Variable Capital Company (VCC) fund, reflecting its commitment to digital finance. Additionally, the firm issued $37.16 million (RMB 200 million) in digital structured notes for third parties in June.

By November, the investment manager completed the world’s first cross-border repo transaction using a natively issued digital bond that was fully executed and settled on a public blockchain.