KuCoin launches UBS uMINT collateral trading through DigiFT
In this post:
- KuCoin will allow support for UBS uMINT tokens through DigiFT.
- The company wants to help institutional tokenholders use their tokenized assets as collateral.
- DigiFT will provide investors access to tokenized RWAs, such as the UBS tokenized money market investment fund.
KuCoin announced Tuesday support for UBS uMINT, which was launched by UBS Asset Management and distributed through DigiFT. The firm said the initiative aims to help institutional tokenholders utilize their tokenized assets as off-exchange collateral.
The cryptocurrency exchange is the first platform to support UBS uMINT, which is built on the Ethereum distributed ledger technology and issued under UBS Tokenize, UBS’s in-house tokenization service. It said the initiative will enable efficient trading on virtual assets and access to a wider array of alternative digital asset investments offered by KuCoin.
KuCoin offers investors access to money market instruments
The UBS uMINT token, which corresponds to the first tokenized money market investment fund established by DigiFT, will offer token holders a flurry of capabilities. According to KuCoin, tokenholders can access UBS Asset Management’s institutional-grade cash management solutions with high-quality money market instruments based on a risk-managed framework.
KuCoin said the initiative represents an advancement in the crypto sector, which aims to expand the use of tokenized real-world assets to real-world applicable trading capabilities. It added that it mirrors RWA holdings with stablecoin equivalents without transferring ownership.
The company acknowledged that the initiative enables sophisticated trading on digital assets while preserving yields and control through a third-party regulated custodian. It also believes that it addresses the growing demand for on-chain income assets.
KuCoin said the UBS uMINT Token will offer liquidity, risk reduction, and operational efficiencies, while being keen on regulatory compliance and security. The firm’s CEO, BC Wong, stated that the company remains committed to innovation alongside unwavering compliance and security. He also argued that it empowers institutions to unlock tokenized traditional assets for seamless global trading.
“This partnership with DigiFT to support the UBS uMINT token highlights a significant step forward in exploring the viability and adoption of secure investments for a broader audience.”
–BC Wong, CEO of KuCoin.
According to KuCoin, DigiFT will provide investors access to tokenized RWAs, such as the UBS tokenized money market investment fund. The leading licensed platform for RWAs will support both subscription and redemption of tokens through stablecoins and fiat currency in a non-custodial manner. Users can also use their preferred custody wallet solutions.
KuCoin seeks further expansion in tokenized asset integration
CEO of DigiFT, Henry Zhang, mentioned that the firm aims to build the next iteration of institutional-grade capital markets infrastructure for Web3. The company plans to make it functional, compliant, and powered by yield-generating RWA instruments. He added that the integration of the UBS uMINT token showed DigiFT’s focus on enhancing capital efficiency across digital asset markets through tokenized RWAs.
KuCoin revealed that it aims for further expansions in tokenized asset integration. Its goal is to drive broader adoption of RWAs and foster a more interconnected financial ecosystem.
The company said it can use its technology infrastructure to facilitate a flurry of RWAs issued by reputable asset managers as recognized collateral. It hopes the initiative will provide institutional clients with flexible trading solutions to optimize capital efficiency and boost returns.
KuCoin launches UBS uMINT collateral trading through DigiFT
In this post:
- KuCoin will allow support for UBS uMINT tokens through DigiFT.
- The company wants to help institutional tokenholders use their tokenized assets as collateral.
- DigiFT will provide investors access to tokenized RWAs, such as the UBS tokenized money market investment fund.
KuCoin announced Tuesday support for UBS uMINT, which was launched by UBS Asset Management and distributed through DigiFT. The firm said the initiative aims to help institutional tokenholders utilize their tokenized assets as off-exchange collateral.
The cryptocurrency exchange is the first platform to support UBS uMINT, which is built on the Ethereum distributed ledger technology and issued under UBS Tokenize, UBS’s in-house tokenization service. It said the initiative will enable efficient trading on virtual assets and access to a wider array of alternative digital asset investments offered by KuCoin.
KuCoin offers investors access to money market instruments
The UBS uMINT token, which corresponds to the first tokenized money market investment fund established by DigiFT, will offer token holders a flurry of capabilities. According to KuCoin, tokenholders can access UBS Asset Management’s institutional-grade cash management solutions with high-quality money market instruments based on a risk-managed framework.
KuCoin said the initiative represents an advancement in the crypto sector, which aims to expand the use of tokenized real-world assets to real-world applicable trading capabilities. It added that it mirrors RWA holdings with stablecoin equivalents without transferring ownership.
The company acknowledged that the initiative enables sophisticated trading on digital assets while preserving yields and control through a third-party regulated custodian. It also believes that it addresses the growing demand for on-chain income assets.
KuCoin said the UBS uMINT Token will offer liquidity, risk reduction, and operational efficiencies, while being keen on regulatory compliance and security. The firm’s CEO, BC Wong, stated that the company remains committed to innovation alongside unwavering compliance and security. He also argued that it empowers institutions to unlock tokenized traditional assets for seamless global trading.
“This partnership with DigiFT to support the UBS uMINT token highlights a significant step forward in exploring the viability and adoption of secure investments for a broader audience.”
–BC Wong, CEO of KuCoin.
According to KuCoin, DigiFT will provide investors access to tokenized RWAs, such as the UBS tokenized money market investment fund. The leading licensed platform for RWAs will support both subscription and redemption of tokens through stablecoins and fiat currency in a non-custodial manner. Users can also use their preferred custody wallet solutions.
KuCoin seeks further expansion in tokenized asset integration
CEO of DigiFT, Henry Zhang, mentioned that the firm aims to build the next iteration of institutional-grade capital markets infrastructure for Web3. The company plans to make it functional, compliant, and powered by yield-generating RWA instruments. He added that the integration of the UBS uMINT token showed DigiFT’s focus on enhancing capital efficiency across digital asset markets through tokenized RWAs.
KuCoin revealed that it aims for further expansions in tokenized asset integration. Its goal is to drive broader adoption of RWAs and foster a more interconnected financial ecosystem.
The company said it can use its technology infrastructure to facilitate a flurry of RWAs issued by reputable asset managers as recognized collateral. It hopes the initiative will provide institutional clients with flexible trading solutions to optimize capital efficiency and boost returns.