🚀 UBS launches tokenized fund pilot on Ethereum blockchain

Swiss bank UBS has launched a live pilot of a tokenized version of its open-ended company (VCC) fund as part of Project Guardian, led by Singapore's central bank. UBS Asset Management announced that the fund is part of a broader VCC umbrella designed to bring different types of real-world assets (RWA) to the blockchain.

🔹 The project is a milestone in the understanding of fund tokenization, according to Thomas Kaegi, head of UBS Asset Management for Singapore and Southeast Asia.

🔹 UBS launched the controlled pilot of the tokenized fund through its internal tokenization service called UBS Tokenize.

🔹 Tokenization of RWAs presents significant opportunities for many industries and offers advantages such as transparency and security.

Do you think tokenization of real-world assets will become widespread in the future? Comment below! 💬