🚀 UBS Asset Management kicks off live pilot of tokenized money market fund on #Ethereum blockchain! 💰

- UBS Tokenize service explores on-chain processes like subscriptions & redemptions

- Part of broader Project Guardian, overseen by Monetary Authority of Singapore

- Aims to unlock potential of tokenizing various financial assets

What's next? 🤔

- Expand initiative's scope by collaborating with diverse financial entities

- Explore various investment strategies

🌐 UBS's blockchain journey:

- World's first digital bond in Nov 2022

- Tokenized fixed-rate note worth $50M in Dec 2022

- 200M yuan digital structured notes in June

🔮 UBS Chair Colm Kelleher sees blockchain as unstoppable & valuable addition to financial ecosystem

What do you think about UBS's venture into blockchain-based financial instruments? Share your thoughts in the comments! 👇