UBS Asset Management, the asset management arm of UBS, has launched a tokenized investment fund on the Ethereum blockchain. The fund, called the tokenized Variable Capital Company (VCC) fund, is part of Singapore’s Project Guardian pilot program. UBS aims to carry out more pilot programs under Project Guardian to explore the tokenization of funds and improve market liquidity and access for clients. The tokenized fund allows UBS Asset Management to process fund subscriptions and redemptions. This initiative builds on UBS’s expertise in tokenizing bonds and structured products. The fund is designed for regulated tokenized offerings and was made available on the Six Swiss exchange.

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