iCapital launches blockchain-based 'UBS Wealth' private fund
CryptoNewsTerminal Staff24 May, 2024
iCapital launches blockchain-based 'UBS Wealth' private fund
iCapital, a global fintech platform, recently announced the launch of a blockchain-based private fund in collaboration with UBS Global Wealth Management. This groundbreaking initiative leverages distributed ledger technology (DLT) to handle crucial fund lifecycle activities such as subscription, reporting, and liquidity. By tokenizing private funds issued by UBS, iCapital aims to enhance transparency, efficiency, and accessibility within the private fund industry.
