The Monetary Authority of Singapore (MAS) today announced plans to advance tokenisation in financial services. These include: forming commercial networks to deepen liquidity of tokenised assets; developing an ecosystem of market infrastructures; fostering industry frameworks for tokenised asset implementation; and enabling access to common settlement facility for tokenised assets. Deepening liquidity of tokenised assets through formation of commercial networks […]
Launched as part of the Monetary Authority of Singapore’s (MAS) Project Guardian, new pilot demonstrates how financial institutions can leverage existing Swift infrastructure to facilitate off-chain cash settlements for tokenized funds. Swift, UBS Asset Management, and Chainlink have completed a pilot for settling tokenized fund subscriptions and redemptions using the Swift network. This initiative would enable digital asset […]
UBS Asset Management has unveiled a new digital investment vehicle, the “UBS USD Money Market Investment Fund Token” (uMINT). Designed as a tokenized money market fund, uMINT utilizes Ethereum’s distributed ledger technology, marking another step in UBS’s commitment to integrating blockchain solutions in asset management. The launch is intended to cater to the increasing demand […]
