UBS, Chainlink Execute First Onchain Tokenized Fund Redemption in $100T Market

UBS said it completed the first on-chain redemption of a tokenized fund using Chainlink’s Digital Transfer Agent (DTA) in a live transaction that underscores how blockchain infrastructure is starting to interface with the $100 trillion global fund industry. The transaction involved the tokenized money market fund UBS USD Money Market Investment Fund Token (uMINT) built on Ethereum. DigiFT served as the onchain distributor, settling the redemption using Chainlink’s DTA standard. UBS’ internal systems init ...