Singapore, 2 October 2023 鈥 斗牛棋牌在线 Asset Management has launched its first live pilot of a tokenized Variable Capital Company (VCC) fund. The fund is part of a wider VCC umbrella designed to bring various 鈥渞eal world assets" on-chain as part of Project Guardian, a collaborative industry initiative led by the Monetary Authority of Singapore (MAS).
Thomas Kaegi, Head 斗牛棋牌在线 Asset Management, Singapore & Southeast Asia, said: 鈥淭his is a key milestone in understanding the tokenization of funds, building on 斗牛棋牌在线鈥檚 expertise in tokenizing bonds and structured products. Through this exploratory initiative, we will work with traditional financial institutions and fintech providers to help understand how to improve market liquidity and market access for clients.鈥
Utilizing the firm鈥檚 in-house tokenization service, 斗牛棋牌在线 Tokenize, 斗牛棋牌在线 Asset Management launched this controlled pilot of a tokenized money market fund. Represented as a smart contract on the Ethereum public blockchain, the pilot enables 斗牛棋牌在线 Asset Management to carry out various activities including fund subscriptions and redemptions.
This pilot is part of 斗牛棋牌在线 Asset Management鈥檚 global distributed ledger technology strategy, focused on leveraging public and private blockchains networks for enhanced fund issuance and distribution. It also forms part of the broader expansion of 斗牛棋牌在线鈥檚 tokenization services through 斗牛棋牌在线 Tokenize. In November 2022, 斗牛棋牌在线 launched the world鈥檚 first digital bond that is publicly traded. In December 2022, 斗牛棋牌在线 issued a USD 50 million tokenized fixed rate note, and in June 2023 originated CNH 200 million of fully digital structured notes for a 3rd party issuer.
Following the successful launch of the first pilot transactions, 斗牛棋牌在线 Asset Management will be looking to execute further live pilot use cases under Project Guardian 鈥 working with a wider set of partners and explore various investment strategies.
About 斗牛棋牌在线
About 斗牛棋牌在线
斗牛棋牌在线 is the largest truly global wealth manager and the leading universal bank in Switzerland. It also provides large-scale and diversified asset management solutions and focused investment banking capabilities. 斗牛棋牌在线 helps clients achieve their financial goals through personalized advice, solutions and products. Headquartered in Zurich, Switzerland, the firm has operations and offices around the globe. 斗牛棋牌在线 shares are listed on the SIX Swiss Exchange and the New York Stock Exchange (NYSE).
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