-
ARS 1,072.20 (-0.79%) -
BTC 61,411.57 (-1.87%) -
ETH 2,988.17 (-0.97%) -
SOL 143.23 (-3.79%) -
PEPE <0.01 (+1.26%) -
ENA 0.88 (-7.29%) -
RUNE 5.75 (+6.84%) -
DOGE 0.14 (-3.94%) -
WIF 2.83 (-4.93%) -
XRP 0.52 (-0.63%) -
RNDR 10.23 (-1.96%) -
WLD 5.42 (-7.54%) -
BOME 0.01 (-0.84%) -
NEAR 6.93 (-2.80%) -
AVAX 34.20 (-3.01%) -
ADA 0.46 (+3.86%) -
ETC 27.24 (+0.67%) -
TRX 0.12 (+1.88%) -
UMA 3.21 (+23.91%) -
JTO 3.86 (-0.03%) -
ETHFI 3.63 (-3.74%) -
BONK <0.01 (+0.76%) -
FLOKI <0.01 (-0.48%) -
BEL 0.88 (+11.75%) -
SUI 1.01 (-5.75%) -
MATIC 0.68 (-0.73%) -
LUNA 0.62 (+5.35%)
Swiss bank UBS launches tokenized money market fund on Ethereum
Published: 2023-10-02
1. Tokenization of Money Market Funds by UBS: UBS,a major Swiss bank,has partnered with Ethereum to tokenize a money market fund. The aim of this partnership is to increase efficiency and transparency in the fund's operations through the use of blockchain technology. By leveraging the Ethereum platform,UBS plans to provide investors with real-time access to investment data and faster settlements. The tokenization of the money market fund will also allow for increased liquidity and accessibility to a wider investor base. This move by UBS highlights the growing interest and adoption of blockchain technology in the financial sector.
2. Benefits of Tokenization in the Financial Industry: Tokenization has emerged as a powerful tool in the financial industry,providing numerous benefits. By converting assets into digital tokens on a blockchain,assets can be traded and transferred more efficiently. Tokenization also offers increased transparency by providing real-time access to investment data,allowing investors to make more informed decisions. Additionally,tokenization enables fractional ownership and increased liquidity,as tokens can be easily divided and traded. With UBS's initiative to tokenize a money market fund,this highlights the potential of tokenization to revolutionize the financial industry by streamlining processes and enhancing accessibility for investors.
3. Ethereum's Role in the Tokenization Process: Ethereum,a leading blockchain platform,plays a crucial role in the tokenization process. Its smart contract functionality allows for the creation and management of digital tokens. By leveraging Ethereum's blockchain technology,UBS aims to ensure the security and integrity of the tokenized money market fund. Ethereum's established network and robust infrastructure make it an ideal choice for this partnership. UBS's decision to collaborate with Ethereum signifies the recognition of Ethereum's capabilities and showcases its potential to transform traditional financial systems. This collaboration could pave the way for more institutions to embrace blockchain technology and explore tokenization as a means to enhance their operations.
Reference: cointelegraph.com
The most traded coin
(Update every 1 hour)
| at | from | is ($US) | turnover ($) |
|---|---|---|---|
| 1 | ARS |
1,072.20 | 2,306,654,752.20 |
| 2 | BTC |
61,411.57 | 1,588,535,644.03 |
| 3 | ETH |
2,988.17 | 781,571,896.07 |
| 4 | SOL |
143.23 | 649,361,448.47 |
| 5 | PEPE |
<0.01 | 263,304,910.59 |
| 6 | ENA |
0.88 | 205,136,511.11 |
| 7 | RUNE |
5.75 | 197,430,440.19 |
| 8 | DOGE |
0.14 | 188,158,700.29 |
| 9 | WIF |
2.83 | 185,302,300.35 |
| 10 | XRP |
0.52 | 175,402,224.18 |
| 11 | RNDR |
10.23 | 138,165,309.85 |
| 12 | WLD |
5.42 | 124,983,018.58 |
| 13 | BOME |
0.01 | 91,199,627.93 |
| 14 | NEAR |
6.93 | 77,332,791.03 |
| 15 | AVAX |
34.20 | 72,426,083.83 |
| 16 | ADA |
0.46 | 69,732,018.87 |
| 17 | ETC |
27.24 | 61,161,694.77 |
| 18 | TRX |
0.12 | 56,618,423.93 |
| 19 | UMA |
3.21 | 56,543,117.76 |
| 20 | JTO |
3.86 | 50,179,913.28 |
| 21 | ETHFI |
3.63 | 48,934,684.26 |
| 22 | BONK |
<0.01 | 48,278,394.07 |
| 23 | FLOKI |
<0.01 | 45,960,127.52 |
| 24 | BEL |
0.88 | 42,461,450.73 |
| 25 | SUI |
1.01 | 39,974,285.54 |
| 26 | MATIC |
0.68 | 39,410,691.39 |
| 27 | LUNA |
0.62 | 39,155,212.14 |
Coins with rapidly rising prices
(Update every 1 minute)
| at | from | is ($US) | more (%) |
|---|---|---|---|
| 1 | UMA |
3.21 | +23.91 |
| 2 |  API3 |
2.61 | +15.39 |
| 3 |  KMD |
0.43 | +15.34 |
| 4 | BEL |
0.88 | +11.75 |
| 5 |  PDA |
0.09 | +11.05 |
| 6 |  ORN |
1.48 | +9.17 |
| 7 |  ACE |
5.29 | +8.86 |
| 8 |  UNFI |
3.89 | +7.61 |
| 9 |  MOVR |
14.18 | +7.05 |
| 10 |  LSK |
1.96 | +6.99 |
| 11 | RUNE |
5.75 | +6.84 |
| 12 | LUNA |
0.62 | +5.35 |
| 13 |  COS |
0.01 | +5.08 |
| 14 |  CVX |
2.53 | +4.63 |
| 15 |  RAD |
1.76 | +4.51 |
| 16 |  AUCTION |
16.44 | +4.32 |
| 17 |  CELO |
0.81 | +4.29 |
| 18 |  AGLD |
1.01 | +4.21 |
| 19 |  SSV |
43.00 | +4.14 |
| 20 |  DODO |
0.18 | +4.11 |
| 21 |  BADGER |
4.37 | +4.07 |
| 22 |  CRV |
0.44 | +4.04 |
| 23 | ADA |
0.46 | +3.86 |
| 24 |  YFI |
7,091.00 | +3.64 |
| 25 |  BLZ |
0.38 | +3.48 |
| 26 |  ZEC |
23.27 | +3.47 |
| 27 |  FXS |
4.26 | +3.15 |
| 28 |  BAKE |
0.26 | +2.93 |
| 29 |  DASH |
29.49 | +2.90 |
| 30 |  KSM |
28.81 | +2.82 |
The price of coins is falling rapidly.
(Update every 1 minute)
| at | from | is ($US) | reduce (%) |
|---|---|---|---|
| 1 |  IDEX |
0.06 | -13.14 |
| 2 |  FIRO |
1.63 | -12.23 |
| 3 |  NULS |
0.64 | -8.53 |
| 4 |  ERN |
4.99 | -8.27 |
| 5 |  AGIX |
0.90 | -8.15 |
| 6 |  AXL |
1.11 | -7.63 |
| 7 |  AEVO |
1.23 | -7.57 |
| 8 |  IOTX |
0.05 | -7.57 |
| 9 | WLD |
5.42 | -7.54 |
| 10 |  FARM |
72.26 | -7.34 |
| 11 | ENA |
0.88 | -7.29 |
| 12 |  OCEAN |
0.91 | -7.28 |
| 13 |  PSG |
4.17 | -7.16 |
| 14 |  INJ |
23.32 | -6.61 |
| 15 |  VIC |
0.53 | -5.86 |
| 16 |  YGG |
0.80 | -5.82 |
| 17 | SUI |
1.01 | -5.75 |
| 18 |  VANRY |
0.17 | -5.73 |
| 19 |  DIA |
0.48 | -5.45 |
| 20 |  ARKM |
2.36 | -5.44 |
| 21 |  POWR |
0.31 | -5.36 |
| 22 |  IMX |
2.05 | -5.05 |
| 23 |  BETA |
0.07 | -4.97 |
| 24 |  ASR |
3.22 | -4.94 |
| 25 | WIF |
2.83 | -4.93 |
| 26 |  LDO |
1.86 | -4.91 |
| 27 |  CTXC |
0.34 | -4.78 |
| 28 |  TAO |
400.80 | -4.75 |
| 29 |  GAL |
3.37 | -4.73 |
| 30 |  BAR |
2.39 | -4.55 |
Bitcoin's Greed and Fear Index.
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| 9 | Prelim UoM Consumer Sentiment | Friday | 10-05-2024 | 15:00 |
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