KuCoin, one of the leading centralized crypto exchanges, has announced a partnership with DigiFT to support tokenized real-world assets, particularly the uMINT token from UBS Asset Management.
Partnership Between KuCoin and DigiFT
The partnership between KuCoin and DigiFT is aimed at advancing the real-world asset (RWA) tokenization market. As explained by KuCoin CEO BC Wong, this collaboration is designed to provide institutional clients access to regulated tokenized investment funds and unlock trillions of dollars tied up in the traditional finance market.
Launch of the uMINT Token by UBS Asset Management
The uMINT token has become the first tokenized investment fund launched by UBS Asset Management and distributed through DigiFT. It enables institutional clients to invest in UBS Asset Management’s risk-managed financial solutions. By holding the uMINT token, clients can access high-quality cash management solutions.
Prospects for the Real Asset Tokenization Market
Currently, nearly $14 billion is locked on RWA tokenization platforms. KuCoin aims to lead this market, enabling institutional clients to utilize tokenized assets for streamlined trading and improved liquidity. By expanding the usage of tokenized RWAs, KuCoin seeks to create a more interconnected financial ecosystem.
The partnership between KuCoin and DigiFT highlights a significant step in integrating traditional and digital finance, opening new investment opportunities in tokenized assets.
