CoinVoice has recently learned that on October 2, according to LedgerInsights, UBS Asset Management (UBS) conducted a money market fund tokenization pilot on the Ethereum chain, which is one of the pilot projects of the "Guardian Program" of the Monetary Authority of Singapore (MAS).

A key advantage of fund tokenization is to increase liquidity by expanding coverage and expanding the investor base. High-net-worth individuals may invest in funds that were previously only accessible to institutions. In the first pilot transaction, UBS Asset Management executed the subscription and redemption of fund tokenization in the form of smart contracts, and plans to work with more partners to explore other investment strategies in further pilots. [Original link]