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Trump Endorses Cryptocurrency: A New Political Era

Trump's Unexpected Embrace of Cryptocurrency In a surprising turn of events, former President Donald Trump publicly endorsed cryptocurrency during an appearance on CNBC's "Squawk Box." This endorsement not only highlights his personal financial gains in the crypto space but also reflects a broader shift in his perspective on digital currencies. As markets continue to fluctuate, Trump's comments raise essential questions about the future of cryptocurrencies in the American economy and their potential role in shaping monetary policy. Key Takeaways from Trump's Remarks Personal Financial Success : Trump revealed that he has made significant profits from cryptocurrency, claiming to hold approximately $8.7 million in digital assets. His wealth is attributed to sales from his Trump Mugshot Collector Trading Card - Graded Gem Mint 10 and contributions from the crypto community. A Shift in Perspective : Once skeptical of cryptocurrencies, Trump now acknowled...
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Produced by Daniel Aharonoff & Mogul Media AI

UBS Asset Management Launches Live Pilot Program for Tokenized Money Market Fund on Ethereum

UBS Asset Management is making significant strides in the world of tokenization with its live pilot program of a tokenized Variable Capital Company (VCC) fund on the Ethereum blockchain. This initiative is part of UBS Asset Management's broader strategy to leverage blockchain technology for enhanced fund issuance and distribution. By partnering with traditional financial institutions and fintech providers, UBS aims to improve market liquidity and market access for clients. This move follows UBS's previous success in tokenization, including the issuance of a $50 million tokenized fixed rate note and the origination of $200 million of fully digital structured notes.

Key Points: - UBS Asset Management is launching a live pilot program of a tokenized Variable Capital Company (VCC) fund on the Ethereum blockchain. - This initiative is part of UBS's broader strategy to leverage blockchain technology for enhanced fund issuance and distribution. - UBS aims to improve market liquidity and market access for clients by partnering with traditional financial institutions and fintech providers. - UBS has previously found success in tokenization, including the issuance of a $50 million tokenized fixed rate note and the origination of $200 million of fully digital structured notes.

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