[UBS Asset Management pilots tokenization of money market funds on the Ethereum chain] UBS Asset Management recently conducted a pilot tokenization of money market funds on the Ethereum chain, as the "Guardian of the Monetary Authority of Singapore (MAS)" part of the plan. The advantage of fund tokenization is to expand coverage, improve liquidity, and attract more investments from high-net-worth individuals. UBS Asset Management has successfully executed fund tokenization subscriptions and redemptions and plans to explore other investment strategies with more partners. Thomas Kaegi, head of asset management for Singapore and Southeast Asia at UBS, said that this is an important milestone in understanding the tokenization of funds and will help improve market liquidity and market access for customers. Do you think this model of fund tokenization will become a future trend? Welcome to chat in the comment area! 😉