Cryptocurrency markets are not in great mood at the time of writing, with BTC stalling at $69,000. However, further good news came today for the long-term outlook. The announcement that came a few minutes ago says that UBS, which manages approximately $3 trillion in assets, will also issue tokenized bonds.
Ethereum News
Ethereum like BlackRock and Franklin for UBS tokenized bond issuance 
$2,506 preferred network. Swiss bank UBS, Ethereum will launch a tokenized investment fund on its network. UBS’s move is not surprising after the step taken by BlackRock, the world’s largest asset manager, in this field.
Expected to become a trillion dollar market RWA ecosystem is rising on the Ethereum network. This is in the long run ETH It’s a pretty good detail. Although they are still very new, BlackRock and Franklin’s funds have reached $530 and $410 million respectively. UBS’s USD Money Market Investment Fund Token will use the ticker uMINT.
Thomas Kaegi, co-head of UBS Asset Management’s Asia arm, said;
“We have seen increased investor appetite for tokenized financial assets across asset classes.”
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
