UBS Hong Kong and Crypto Alternate OSL Tokenize Funding Warrant on Ethereum
UBS Hong Kong, in collaboration with crypto trade OSL, has efficiently tokenized an funding warrant on the Ethereum blockchain.
Each UBS and OSL emphasised the quite a few advantages of tokenization, together with elevated accessibility for traders by means of new channels to entry structured merchandise, enhanced effectivity by means of automated processes enabled by good contracts, and improved transparency leveraging the blockchain’s immutable ledger.
This initiative builds upon UBS’s sustained analysis and exploration of tokenization since 2015, following earlier issuances of tokenized notes. OSL, a key participant within the cryptocurrency area, can be actively exploring tokenization choices, showcasing its dedication to innovation and enlargement into retail fund merchandise by means of its “Fund Token” initiative.
Head of Gross sales of UBS World Markets for APAC Public Distribution, Winni Cheuk, stated:
“The introduction of the UBS tokenized warrant reinforces the financial institution’s place because the main by-product merchandise issuer in Hong Kong1. Created natively on a public blockchain in a permissioned surroundings, this progressive product enhances transparency, reduces transaction charges, streamlines settlement processes, and permits for extra versatile buying and selling hours.”
This text incorporates hyperlinks to third-party web sites or different content material for data functions solely (“Third-Celebration Websites”). The Third-Celebration Websites aren’t below the management of CoinMarketCap, and CoinMarketCap will not be liable for the content material of any Third-Celebration Web site, together with with out limitation any hyperlink contained in a Third-Celebration Web site, or any modifications or updates to a Third-Celebration Web site. CoinMarketCap is offering these hyperlinks to you solely as a comfort, and the inclusion of any hyperlink doesn’t indicate endorsement, approval or suggestion by CoinMarketCap of the location or any affiliation with its operators.
This text is meant for use and should be used for informational functions solely. It is very important do your personal analysis and evaluation earlier than making any materials selections associated to any of the services or products described. This text will not be supposed as, and shall not be construed as, monetary recommendation.
The views and opinions expressed on this article are the writer’s [company’s] personal and don’t essentially replicate these of CoinMarketCap.
