Global cryptocurrency exchange KuCoin will support UBS uMINT, a token corresponding to the first tokenized money market investment fund launched by UBS Asset Management and distributed through DigiFT, a licensed platform for tokenized real-world assets ( RWAs ).

As the first global crypto exchange to support UBS uMINT, this collaboration allows institutional tokenholders through DigiFT to use their tokenized investment funds as off-exchange collateral, enabling efficient trading on digital assets and access to a wider array of alternative digital asset investments offered by KuCoin.

DigiFT, as an authorized distribution partner, provides investors access to tokenized RWAs, such as the UBS tokenized money market investment fund, where DigiFT supports both subscription and redemption via stablecoins and fiat currency in a non-custodial manner, with clients using their preferred custody wallet solution.

UBS uMINT tokenholders, KuCoin notes, can access UBS Asset Management's institutional-grade cash management solutions underpinned by high-quality money market instruments based on a risk-managed framework. Issued under UBS Tokenize, UBS’ in-house tokenization service, UBS uMINT is built on the ethereum distributed ledger technology.

This initiative, driven by KuCoin, represents an advancement in the cryptocurrency sector, expanding the use of tokenized RWAs to a real-world applicable trading environment, where KuCoin mirrors RWA holdings with stablecoin equivalents without transferring ownership, enabling sophisticated trading on digital assets while preserving yields and control through a third-party regulated custodian.

As well, the initiative addresses the growing demand for high-grade on-chain income assets, offering enhanced liquidity, risk reduction and operational efficiencies – all while emphasizing regulatory compliance and security.

“This partnership with DigiFT to support the UBS uMINT token highlights a significant step forward in exploring the viability and adoption of secure investments for a broader audience,” points out BC Wong, KuCoin’s CEO. “It empowers institutions to unlock tokenized traditional assets for seamless global trading.”