🚀 UBS Asset Management is launching a live pilot of a tokenized money market fund on the Ethereum blockchain! This is UBS's move to expand its tokenization efforts. 🌐

- UBS aims to carry out various fund-related transactions on the blockchain, using a special service called Tokenize.

- This pilot program is part of the broader Project Guardian, which is overseen by the Monetary Authority of Singapore.

- After successful transactions, UBS plans to expand the scope of the initiative by collaborating with more diverse financial institutions and exploring different investment strategies.

UBS has a history of blockchain technology, and this Ethereum-based pilot is a significant milestone in the company's journey into blockchain-based financial instruments. This pilot project contributes to the exciting global financial industry that blockchain and tokenization offer.