TechFlow news, according to UBS, the asset management division of Swiss bank UBS has launched a live pilot of its first tokenized Variable Capital Company (VCC) fund as part of its "Project Guardian," aiming to bring various "real-world assets" on-chain.
The pilot leverages UBS's internal tokenization service, UBS Tokenize, to establish smart contracts on the public Ethereum blockchain, enabling activities such as fund subscriptions and redemptions.
This initiative forms part of UBS Asset Management’s global distributed ledger technology strategy, designed to enhance fund issuance and distribution through both public and private blockchain networks. UBS also plans to expand its tokenization services via UBS Tokenize.
This latest move follows the 2022 launch of the world’s first publicly traded digital bond, the issuance of a $50 million tokenized fixed-rate note, and the issuance of a fully digital RMB 200 million structured note for third-party issuers.
