SINGAPORE, Nov. 1, 2024 /PRNewswire/ — UBS Asset Administration, launches its first tokenized funding fund “uMINT”, made accessible by means of licensed distribution associate, DigiFT.
With DigiFT, buyers can subscribe to uMINT utilizing their most well-liked custody pockets resolution, having access to real-time redemption capabilities through DigiFT’s platform. uMINT, a Cash Market funding underpinned by prime quality cash market devices based mostly on a conservative, risk-managed framework, is constructed on Ethereum distributed ledger expertise and issued underneath UBS Tokenize, UBS’s in-house tokenization service, a full service providing for digital asset providers, that seeks to open the door to the world of decentralized finance to a broader vary of market members.
“We’re honoured to be a certified distribution associate for UBS Asset Administration in launching their first tokenized cash market fund. This can be a vital milestone on the earth of Web3, and a testomony of our potential to rework capital markets. Not solely does this partnership bridge conventional finance with digital and decentralized applied sciences, it additionally demonstrates our potential to ship next-generation funding options on an open community – for a brand new technology of world buyers,” stated Henry Zhang, Founder & Chief Government Officer of DigiFT.
As a part of the partnership, DigiFT will present infrastructure for managing and monitoring on-chain distribution actions and transactions for the brand new tokenized cash market fund. Enabled by blockchain expertise, DigiFT’s best-in-class, open infrastructure ensures all transactions are saved and recorded on an immutable ledger, offering real-time operational and audit visibility. Past streamlining administrative processes, DigiFT is ready to leverage good contracts and facilitate automated compliance and operational efficiencies, additional permitting buyers to take a position and discover new monetary Web3 use circumstances.
DigiFT is the primary trade deploying good contract strategies and processes, with an computerized market-making mechanism, to be acknowledged as a Recognised Market Operator (RMO) and awarded the Capital Markets Companies (CMS) license by the Financial Authority of Singapore.
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About DigiFT
DigiFT is the primary trade for on-chain real-world belongings to be licensed by the Financial Authority of Singapore. Discover out extra www.digift.sg
For media enquiries, please contact media@digift.com.sg
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SOURCE DigiFT
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