UBS Group announced yesterday that it has officially issued the first “tokenized warrant” in the history of Hong Kong on the Ethereum platform.
UBS, with assets under management of up to $5.7 trillion, released a statement yesterday stating that it has officially issued the first “tokenized warrant” in the history of Hong Kong on the Ethereum platform.
The tokenized warrant is a subscription warrant related to Xiaomi Corporation. It is the first tokenized warrant issued on a public blockchain and sold to OSL Digital Securities Limited.
UBS Group highlighted the main features and advantages of tokenized warrants, including the opening of new investment channels, reducing investor thresholds through tokenization, extending trading hours, and utilizing smart contracts for automation, streamlined transactions and procedures, and reduced transaction fees. The transparency of blockchain technology allows for all transactions and ownership records to be stored in a decentralized ledger.
UBS has been actively expanding its tokenization services, with the UBS Tokenize platform supporting the creation, distribution, and management of digital assets, with a focus on bonds and funds. In 2022, UBS achieved a milestone by issuing $50 million in tokenized fixed-income products, which were successfully sold to clients in the Asia-Pacific region through the UBS Tokenize platform, marking further expansion and innovation in the field of digital assets.
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