UBS, a Swiss multinational bank operating through its Hong Kong subsidiary, has taken a significant leap in the financial industry by tokenising an investment warrant on the Ethereum blockchain in collaboration with cryptocurrency exchange OSL.

This innovative move targets a call warrant option focusing on shares of the Chinese tech giant, Xiaomi.

The initiative, announced on February 7, underscores a pioneering venture into the digitalisation of financial assets, pushing traditional boundaries of investment options.

Following its creation, this digital asset was subsequently traded on the OSL Exchange, marking a milestone in how investment products can be transacted in the modern digital era.

OSL CEO, Patrick Pan, detailed their approach to replicating the complete product life cycle of an equity-linked structured product token.