- As the first global Cryptocurrency exchange that supports UBS UMINT, this collaboration makes institutional token holders to use its tokenized investment funds such as off-exchange security through digift.
- The holders of UBS UMINT tokens have the ability to access the institutional cash management classes offered by UBS Asset Management.
- This allows institutional token holders to conduct efficient trading in digital assets and provides access to a greater range of alternative digital asset investments offered by Kucoin.
The large global cryptocurrency exchange, KukoinJust announced that it would support UBS UMINT, a symbol corresponding to the first Tokenized Money Market Investment Fund developed by UBS Asset Management. This token will be issued via Digift, which is a premiere -licensed platform for tokenized real assets (Rwas). As the first global Cryptocurrency exchange that supports UBS UMINT, this collaboration makes institutional token holders to use its tokenized investment funds such as off-exchange security through digift. This allows institutional token holders to conduct efficient trading in digital assets and provides access to a greater range of alternative digital asset investments offered by Kucoin.
The holders of UBS UMINT tokens have the ability to access the institutional cash management classes offered by UBS Asset Management. These solutions are supported by high -quality monetary market instruments and are based on a risk -handled framework. UBS UMINT is based on the Ethereum distributed Ledger technology and is issued with the UBS Tokenize service, which is UBS’s internal tokenization service.
By reflecting RWA holdings with Stablecoin equivalents without transmitting ownership, Kucoin promotes the use of tokenized RWAs in a truly applicable trade environment. This enables sophisticated trading in digital assets while maintaining control and return through a third party regulated guardian. Kucoin runs this initiative, which is a progress in the Cryptocurrency sector. It provides better liquidity, risk reduction and operational efficiency, while emphasizing legislation and security, and it responds to the increasing demand for high -quality income resources.
BC Wong, CEO of Kucoin pronounced:
“KUCOIN REMAINS Committee to Innovation Alongside Unwavement Compliance and Security. This partnership with digift to support the ubs umbly token highlights a significant step forward in exploring the viability and adoption of Secure Investments for a Bro. Assets for Seamless Global Trading and Solidifies Kucoin’s Leadership in Converging Traditional and Digital Finance. “
As an authorized distribution partner, Digift investors give access to tokenized RWAs as UBS Tokenized Money Market Investment Fund. Digift supports both subscription and redemption via StableCoins and Fiat currency in a non-care-consecutive way, with clients using their preferred custody solution. This allows investors to gain access to tokenized RWA.
Henry Zhang, CEO of Digift, pointed out:
“At Digift we build the next iteration of infrastructure for institutional quality markets for web3-intelligible functional, compatible and powered by return-generating RWA instruments. The integration of UBS UMINT token, which will enable Tokenholder to use its funds as collateral via Kucoin’s Focus, All of the To Posase. Partners, we transform the innovation accounts for institutional digital asset infrastructure. ”
When Kucoin looks at the future, it sees significant increases in tokenized asset integrations, which will drive a broader use of Rwas and build a more linked financial sector. Kucoin can enable a wide range of RWAs issued by reputable asset managers as recognized collateral by using their powerful technical infrastructure. This allows Kucoin to provide institutional customers with flexible trade alternatives that improve capital efficiency and improve returns. The implementation of this effort establishes a new benchmark for innovation, which puts Kucoin at the forefront of user -centric solutions that are compatible with the increasingly complex digital economy.
Kucoin is a prominent Global Cryptocurrency platform founded in 2017 and continues to earn over 41 million users over more than 200 nations and regions internationally. In addition to giving access to more than a thousand digital assets and solutions, Kucoin was developed using groundbreaking blockchain technology. These include web3 wallet, location and futures trading, institutional services and payment processing. In addition to being a “Top 50 Global Unicorn” of Hurun and a “Best crypto apps & exchanges” by Forbes, Kucoin is also certified to ISO 27001: 2022 standard and devoted to safety, compliance and innovation.
Digift is a next generation exchange for tokenized real assets (Rwas). It has in principle been approved by Hong Kong Securities and Futures Commission (SFC) and receives a license from the monetary authority in Singapore (MAS). The platform is designed specifically for institutional RWAs, and it provides digital asset services from the end, including such as tokenization, issue, distribution, trade and rapid liquidity supply. Digift, who trusts by financial institutions all over the world, is a partner for tokenization and distribution on the chain of prominent asset managers such as UBS Asset Management and Investeco.
