Deep Chao TechFlow news, according to UBS reports, UBS Asset Management, the asset management arm of Swiss bank, has launched its first real-time pilot project of a tokenized variable capital company (VCC) fund as part of the “Guardian Plan”, aiming to Various “real world assets” are put on the chain.

The pilot project uses UBS’s in-house tokenization service, UBS Tokenize, to establish smart contracts on the Ethereum public blockchain, allowing activities such as fund subscriptions and redemptions.

The move is part of UBS Asset Management’s global distributed ledger technology strategy to enhance fund issuance and distribution through public and private blockchain networks. UBS also plans to expand its tokenization services through UBS Tokenize.

This move follows the launch of the world’s first publicly traded digital bond in 2022, the issuance of $50 million in tokenized fixed-rate notes, and the issuance of RMB 200 million in fully digital structured notes for third-party issuers.