James EyersSenior Reporter
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Key Points
- Global investment banks are continuing to invest in blockchain technology.
- Money market funds have already been “tokenised” to create efficencies.
- Australian banks want regulatory clarity to support investment in new markets.
Earlier this month, Swiss investment bank UBS launched a “tokenised” investment fund under a pilot project being run by the Monetary Authority of Singapore.
By representing rights to the money market fund in a digital contract, registered on the Ethereum blockchain, UBS Asset Management said it would improve processes for fund issuance, distribution, subscriptions and redemptions.
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