๐ UBS goes galactic with tokenized fund pilot! ๐ Swiss bank UBS has launched a live pilot of a tokenized variable capital company (VCC) fund as part of Project Guardian, an initiative led by Singapore's central bank.
What's the buzz? ๐
- UBS Asset Management's VCC umbrella aims to bring real-world assets (RWA) to the blockchain
- The pilot uses UBS Tokenize, an in-house tokenization service, and Ethereum smart contracts
- It's part of UBS's global distributed ledger technology strategy to enhance fund distribution and issuance
๐ This move realizes predictions on the tokenization of RWAs, offering advantages like transparency and security. Will this trend catch on? Share your thoughts in the comments! ๐ค๐ฌ
What's the buzz? ๐
- UBS Asset Management's VCC umbrella aims to bring real-world assets (RWA) to the blockchain
- The pilot uses UBS Tokenize, an in-house tokenization service, and Ethereum smart contracts
- It's part of UBS's global distributed ledger technology strategy to enhance fund distribution and issuance
๐ This move realizes predictions on the tokenization of RWAs, offering advantages like transparency and security. Will this trend catch on? Share your thoughts in the comments! ๐ค๐ฌ