Ethereum

Thomas

BlackRock

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/ubs-launches-tokenized-fund-on-ethereum-network/" data-wpel-link="internal">UBS Launches Tokenized Fund on Ethereum Network</a> 
The <a href="https://en.coin-turk.com/crypto-market-sees-renewed-growth-in-2024/" data-wpel-link="internal"></a><a href="https://en.coin-turk.com/us-election-heats-up-as-trump-and-harris-vie-for-presidency/" data-wpel-link="internal">cryptocurrency</a> market is currently experiencing a lackluster phase, with BTC lingering around $69,000. However, recent news brings a positive long-term outlook. A few minutes ago, a significant announcement revealed that UBS, managing approximately $3 trillion in assets, will issue tokenized bonds. 
<h2 style="text-align: justify" id="ethereum-news">Ethereum News</h2> 
UBS has chosen the Ethereum network for its tokenized bond issuance, opting for partners like BlackRock and Franklin. The Swiss bank UBS will launch a tokenized investment fund on the Ethereum network. Given BlackRock’s recent developments in this domain, UBS’s move is not surprising. 
<img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-402928 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/11/blackrock-build.png" alt="" width="937" height="396"> 
The RWA ecosystem, expected to transform into a trillion-dollar market, is gaining traction on the Ethereum network. This development indicates a promising long-term outlook for ETH. Although BlackRock and Franklin’s funds are still in their infancy, they have already reached $530 million and $410 million, respectively. UBS will utilize the abbreviation uMINT for its USD Money Market Investment Fund Token. 
Thomas Kaegi, co-head of UBS Asset Management in Asia, stated, “We have observed an increasing investor appetite for tokenized financial assets across asset classes.” 
The post <a href="https://en.coin-turk.com/ubs-launches-tokenized-fund-on-ethereum-network/" data-wpel-link="internal">UBS Launches Tokenized Fund on Ethereum Network</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.

UBS Launches Tokenized Fund on Ethereum Network

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