🚀 UBS Asset Management, a major global fund management company, is launching a “live pilot” of a tokenized money market fund on the Ethereum blockchain! 😮 Using their special service called UBS Tokenize, they are exploring on-chain processes such as subscriptions and refunds.
🌐 This pilot program aims to carry out various fund-related activities on UBS's blockchain. Thomas Kaegi, head of UBS Asset Management in Singapore and Southeast Asia, sees this initiative as a significant step in unlocking the potential of tokenizing a wide range of financial assets beyond just bonds.
🤔 So, in your opinion, does this initiative offer a road map on how traditional financial institutions can integrate with the transformative power of blockchain technology? We are waiting your comments! 💬👇
🌐 This pilot program aims to carry out various fund-related activities on UBS's blockchain. Thomas Kaegi, head of UBS Asset Management in Singapore and Southeast Asia, sees this initiative as a significant step in unlocking the potential of tokenizing a wide range of financial assets beyond just bonds.
🤔 So, in your opinion, does this initiative offer a road map on how traditional financial institutions can integrate with the transformative power of blockchain technology? We are waiting your comments! 💬👇