UBS has announced the successful completion of the world’s first in-production, end-to-end tokenized fund transaction using Chainlink’s Digital Transfer Agent (DTA) standard.
Automating Fund Operations On-chain
The transaction involved the UBS USD Money Market Investment Fund Token (uMINT), a tokenized money market fund built on the Ethereum blockchain. DigiFT acted as the on-chain distributor in the transaction, using the DTA standard to successfully request and process a subscription and redemption order.
This shows that fund operations can now be automated on blockchain, making the process faster, more efficient, and easier to manage.
Mike Dargan, Group Chief Operations and Technology Officer, said, “This transaction represents a key milestone in how smart contract-based technologies and technical standards enhance fund operations and the investor experience.”
He added that as more of the industry adopts tokenized finance, this achievement shows how such innovations can drive greater operational efficiencies and new possibilities for product composability.
Covering the Full Fund Lifecycle
The new end-to-end tokenized fund workflow can cover every stage of the fund lifecycle, including order taking, execution, settlement, and data synchronization across all on-chain and off-chain systems.
It demonstrates how blockchain can streamline every step of traditional fund management.
A Milestone for Finance?
Chainlink CEO, Sergey Nazarov, said he was excited about this major milestone achieved with UBS and DigiFT, where Chainlink’s technology is being used to power an in-house tokenized fund transaction across different blockchains.
“This enables secure, compliant, and scalable end-to-end workflows for tokenized assets, setting a new benchmark for institutional finance on-chain,” he said.
He added that UBS, as one of the world’s leading financial institutions, is now using Chainlink to expand its digital asset services while still keeping strong regulatory and operational standards. This shows how traditional finance can confidently move onto blockchain, with the same reliability and efficiency that the traditional industry requires.
UBS And Chainlink Drive Tokenization
This comes after Chainlink launched a new solution that lets banks manage blockchain-based assets directly through their existing Swift infrastructure. Chainlink first tested the solution with UBS Tokenize, UBS’s in-house tokenization unit.
This transaction shows how financial institutions are beginning to adopt blockchain, proving that fund operations can be done securely and efficiently on-chain.
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