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UBS Asset Management Launches Ethereum-Based Tokenized Fund

Summary by CoinTrust
UBS Asset Management has introduced a tokenized money market investment fund, utilizing Ethereum’s distributed ledger technology to provide an innovative financial solution. The move reflects UBS’s response to a growing interest among investors in tokenized assets, as the demand for digital financial products continues to rise. Thomas Kaegi, co-head of UBS Asset Management’s Asia-Pacific division, emphasized that this offering is a result of UBS…
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Blockhead broke the news in on Monday, November 4, 2024.
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