UBS Launches First Tokenised Fund on Ethereum

UBS has launched its first tokenised fund on the Ethereum blockchain, marking a significant step by one of the world's largest banks into blockchain-based asset management. The fund brings traditional investment products onto public blockchain infrastructure.

The tokenised fund allows investors to access UBS investment products through blockchain-based tokens, potentially improving transparency, reducing settlement times and enabling fractional ownership of fund shares.

UBS's entry into tokenised funds on Ethereum signals growing confidence from major banks in public blockchain infrastructure for financial products, following similar moves by BlackRock, Franklin Templeton and other asset managers.