tokenisation

UBS Asset Management has expanded its digital asset capabilities with the launch of the “UBS USD Money Market Investment Fund Token” (uMINT), a tokenised money market product built on Ethereum’s distributed ledger.

Franklin Templeton has secured approval from Luxembourg’s financial regulator, the Commission de Surveillance du Secteur Financier (CSSF), to launch the first fully tokenised UCITS fund in the country.

Infrastructure has become one of the topics we pay frequent attention to. It’s remarkable how often it comes up. But of you think about it, the global need for infrastructure investment, the attention paid by the political classes, the importance of the asset for the pension manager have combined to make this once dusty-seeming topic seem of the highest importance. The fact that it has the allure of being inflation-resistant has brought additional attention in these troubled times.

Tokenisation has served as the “acceptable face” of blockchain, with its association with cryptocurrency, with its slightly tawdry reputation. While critics say that using blockchain over a simpler tech solution involves spending unnecessary money, time and effort, others say it opens up interesting possibilities and can actually bring you benefits. Many innovative companies embed the technology in their business plan. Luxembourg has made a tremendous push in this area, including introducing new supportive legislation.

BlocHome, a Luxembourg blockchain real estate investment platform, has arranged a guarantee that will allow it to finance the first security token-based residential project in Europe, an eight million euro housing project in Luxembourg known as the “Clapton Residence”, without waiting for further fund-raising. The guarantee was arranged after the firms’s first project attracted 2.15 million euros in tokenised investments from 280 investors.

Inheritance planning is one area where tokenisation can provide benefits, the experience of VP Bank in the Alpine state shows. The bank’s specialists recent spoke in Luxembourg to explain how tokenisation can be applied once the EU MiCA regulation enters into force.

An innovative start-up in Luxembourg is looking to democratise housing markets by tokenising homes. Leveraging the blockchain, BlocHome lets its clients partially own the home they live in. On the part they do not own they pay rent. “The more you are owner, the less rent you have to pay.”