Swiss Banking Giant Executes First Live Tokenized Fund Transaction on Ethereum

Core Insights - UBS has completed the world's first live, in-production tokenized fund transaction, marking a significant milestone in the institutional adoption of blockchain-based financial products [1][6] - The transaction involved the UBS USD Money Market Investment Fund Token (uMINT) and utilized the Ethereum distributed ledger [2][6] - DigiFT acted as the on-chain fund distributor, employing the Chainlink Digital Transfer Agent (DTA) standard for automated fund operations [2][3] Technical Framework - The Chainlink DTA standard integrates various technologies to automate fund lifecycle operations, including order processing, execution, settlement, and data synchronization between on-chain and off-chain systems [3] - It supports three settlement models: Offchain, Local Onchain, and Cross-chain Onchain, with Chainlink's Cross-Chain Interoperability Protocol (CCIP) deployed across multiple blockchain applications [3] Company Background - UBS has developed its tokenization capabilities through its UBS Tokenize service, which also focuses on tokenizing bonds and structured products, managing $6.9 trillion in invested assets as of Q3 2025 [4][5] - The current transaction builds on UBS's previous work with Chainlink under the Monetary Authority of Singapore's Project Guardian initiative [5] Operational Details - The transaction represents UBS's first live deployment of tokenized fund operations on a public blockchain, with DigiFT processing subscription and redemption orders using the DTA standard's automated compliance and settlement features [6] - The system managed order taking, execution, and final settlement without manual intervention [6]