UBS pilots tokenized money market fund on Ethereum

ChainCatcher news, UBS Asset Management has issued a pilot tokenized money market fund on the Ethereum public blockchain. This is one of the controlled pilots under the Monetary Authority of Singapore's (MAS) "Project Guardian."

It is reported that in the first batch of pilot transactions, UBS Asset Management executed the subscription and redemption of the tokenized fund in the form of smart contracts. The company plans to collaborate with more partners and explore other investment strategies in further live pilots.