UBS
$UBSG (+0.54%) Asset Management has launched the money market fund UBS USD Money Market Investment Fund Token (uMINT) in Singapore 🇸🇬, which uses Distributed Ledger Technology (DLT) from Ethereum
$ETH (-2.33%) technology (DLT). This fund is aimed at institutional
investors and offers a modern digital approach to money market investing that enables faster transactions and lower management costs.

The decision to launch the fund in Singapore 🇸🇬 capitalizes on the favorable
regulatory environment in the country to attract institutional investors.

UBS emphasizes the stability and security of the fund through the integration of DLT, but also warns that support for the US-dollar due to the tightening monetary policy of global central banks and the efforts of the BRICS-countries to reduce their dollar dependency could dwindle. -cryptonews