UBS Group announced yesterday that it has officially issued the first “tokenized warrant” in the history of Hong Kong on the Ethereum platform.
The tokenized warrant, offered by UBS Tokenize, an internal tokenization service provider of UBS Group, 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:
1. Accessibility: Tokenization opens up new investment channels, allowing investors to participate in digital products. The use of blockchain technology also lowers the barriers for investors and extends trading hours.
2. Efficiency: Tokenized warrants leverage smart contracts, enabling automation, simplified transactions and processes, and reduced transaction costs.
3. Transparency: Blockchain technology provides greater transparency, as all transactions and ownership records can be stored on a distributed ledger.
Zhuo Suhua, Executive Director of UBS Asia Derivatives Sales, stated that UBS has been actively expanding its tokenization services. This is the result of the bank’s continuous efforts in blockchain technology and digital assets since 2015. Through its UBS Tokenize platform, the bank aims to continue operating tokenization services and global distributed ledger technology. The platform supports the creation, distribution, and management of digital assets, with a focus on areas such as bonds and funds.
In 2022, UBS achieved a milestone by issuing $50 million worth of tokenized fixed income products. These products were successfully sold to clients in the Asia-Pacific region through the UBS Tokenize platform, marking further expansion and innovation in the bank’s digital asset field.
Related Reports:
– UBS Report: Over 35% of Global Billionaires’ Family Offices Prepare to Invest in Cryptocurrencies
– UBS Predicts Early Tapering of Fed Rate Hike! Bank of America: Bitcoin Returns as a “Popular Safe-Haven Asset”
– UBS Warns: Global Regulation Could Burst the “Cryptocurrency Market Bubble,” Professional Investors Should Stay Away