UBS executes first live tokenized fund transaction using Chainlink standard

UBS (UBS) announced the world’s first successful completion of an in-production, end-to-end tokenized fund workflow leveraging the Chainlink (LINK-USD) Digital Transfer Agent technical standard. The live transaction involved the on-chain subscription and redemption of the UBS USD Money Market Investment Fund Token, or uMINT, the firm’s proprietary token built on the Ethereum (ETH-USD) blockchain. In the transaction, DigiFT functioned as the on-chain fund distributor. Sergey Nazarov, co-founder of Chainlink, said: “I’m very excited to announce this industry milestone with UBS and DigiFT, where Chainlink is powering an in-production tokenized fund transaction across chains. This enables secure, compliant, and scalable end-to-end workflows for tokenized assets, setting a new benchmark for institutional finance on-chain. As one of the most significant financial institutions worldwide, UBS is now leveraging Chainlink to expand their digital asset capabilities while maintaining the highest levels of regulatory and operational standards. This major milestone demonstrates how traditional finance can transition into on-chain environments with the reliability and efficiency the traditional industry requires.”