UBS (NYSE:UBS) has completed the first on-chain redemption of a tokenized fund using Chainlink’s Digital Transfer Agent (DTA) standard, advancing the integration between blockchain and the global fund market, valued at approximately $100 trillion.
The transaction involved the UBS USD Money Market Investment Fund Token (uMINT), built on the Ethereum network. DigiFT acted as an on-chain distributor, using the DTA standard to process subscription and redemption in real time.
The workflow was entirely executed by Chainlink’s infrastructure, ensuring interoperability and efficiency between traditional financial systems and blockchain networks, according to an official statement from the Swiss bank.
The new on-chain process automates all stages of a fund’s lifecycle, from order receipt to settlement, connecting on-chain and off-chain systems. This automation reduces operational costs and timelines, offering a more agile and transparent alternative for institutional investors.
Mike Dargan, UBS’s Chief Operating Officer and Technology Officer, highlighted UBS Tokenize’s commitment to developing innovative digital financial strategies and products, stating that the transaction “represents a fundamental milestone in the application of smart contracts and technical standards that enhance fund operations and the investor experience.”
Sergey Nazarov, co-founder of Chainlink, reaffirmed that the project creates “a new standard for on-chain institutional finance,” enabling secure and scalable workflows across multiple blockchains. He highlighted that UBS is expanding its digital capabilities while maintaining high regulatory and operational standards.
In a related case, Chainlink’s previous project with Swift connected traditional banks to the blockchain using the Inter-Chain Interoperability Protocol and ISO 20022 messaging.
In the New York stock market, UBS shares were down 1.6% in pre-market trading on Tuesday, November 4, 2025.