Key Takeaways:
- UBS completes the first fully in-production, end-to-end tokenized fund transaction using Chainlink’s Digital Transfer Agent (DTA) standard
- DigiFT acts as on-chain distributor to process live subscription and redemption of the uMINT money-market token on Ethereum
- Seamless institutional fund lifecycle runs on-chain with automated compliance, cross-chain connectivity, and real-time data sync
UBS just set a new milestone for institutional blockchain adoption. In a live transaction with Chainlink and DigiFT, the global banking giant processed the first ever subscription and redemption of a tokenized fund fully on-chain not as a pilot, but in a production environment.
This move demonstrates that tokenized assets are no longer a theoretical future; they’re being implemented on a scale by one of the world’s most powerful financial institutions.
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UBS Brings Real-World Finance Fully On-Chain
With more than 6 trillion of assets under management, UBS implemented a live fund workflow with its UBS USD Money Market Investment Fund Token (uMINT) that was developed on Ethereum. Chainlink DTA standard, a technical standard used by the bank to automate fund processing in blockchains and internal banking systems, was employed.
DigiFT was the licensed on-chain distributor and provided and registered investor subscription and redemption orders in real time.
The entire life cycle of the fund transaction was addressed in the workflow:
- Order initiation
- Execution
- Settlement
- Reconciliation across on-chain and off-chain systems
The reason is that it is the first time an important bank automated these steps successfully on blockchain architecture without a sandbox environment. UBS states that its Tokenize project will enable the on-chain delivery of regulated financial products without sacrificing institutional-level compliance and security.
This is after previous partnership between UBS and Chainlink in Singapore in Project Guardian which is a regulatory-focused project exploring tokenized finance and interoperability.
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How Chainlink’s Infrastructure Powered the Workflow
The concept of Chainlink Digital Transfer Agent standard is the heart of this innovation that integrates mission-critical elements implemented by regulated financial institutions:
- Chainlink Runtime Environment…
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