Swiss Banking Giant Executes First Live Tokenized Fund Transaction on Ethereum

UBS announced on Nov. 4 the completion of the world’s first live, in-production tokenized fund transaction. The Swiss banking giant executed an end-to-end workflow involving subscription and redemption requests for a tokenized money market fund. The transaction marks a milestone in the institutional adoption of blockchain-based financial products. The transaction processed orders for the UBS USD Money Market Investment Fund Token, known as uMINT, which operates on the Ethereum distributed ledger, accordin ...