UBS & Chainlink Shake Up $100T Fund Market With On-Chain Token Redemption!

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Finance

What to know:

  • UBS pulled off the first-ever on-chain redemption of a tokenized fund, thanks to Chainlink’s shiny new Digital Transfer Agent (DTA). This little adventure is a huge deal in the $100 trillion fund industry. Who knew finance could get so techy?
  • The whole thing was built on Ethereum using the UBS USD Money Market Investment Fund Token (uMINT), and DigiFT made sure the on-chain distribution went off without a hitch. Talk about high-tech wizardry!
  • UBS is aiming to cut down on complexity and make the fund industry a bit more manageable, with their Tokenize platform automating everything from A to Z. Because, let’s be honest, who has time for manual work anymore?

Well, folks, hold onto your wallets-UBS just completed the first-ever on-chain redemption of a tokenized fund, thanks to Chainlink’s Digital Transfer Agent (DTA). If you’re wondering what that means, it’s basically how blockchain and the $100 trillion fund industry are finally shaking hands and agreeing to be besties. This live transaction is proof that the digital revolution is well and truly underway-whether the finance world likes it or not. 🤑

The tokenized fund in question? The UBS USD Money Market Investment Fund Token (uMINT), of course. It’s built on Ethereum, because why not use the most popular blockchain on the block? And DigiFT? Well, they were the on-chain distributor, making sure everything went as smoothly as a well-oiled machine.

UBS set the whole thing in motion with their internal systems, and then Chainlink’s infrastructure took over. It was like a relay race, but with tech instead of sweaty runners. Mike Dargan, UBS’s bigwig, had this to say: “This is a milestone. It’s like the finance world just got its very own superhero.” Well, we might be paraphrasing, but you get the idea.

And let’s not forget the bigger picture. UBS is all about tokenizing finance with their Tokenize platform, which is like the Swiss Army knife for blockchain-based financial products. The goal? To make everything more efficient, less complicated, and faster than you can say “blockchain technology.”

The whole thing is a part of UBS’s larger mission to make things less of a headache for everyone in the $100 trillion fund industry. Because, honestly, who doesn’t want to reduce complexity and processing time? I mean, they’re practically begging for tech to come in and save the day at this point.

And in case you were wondering, UBS isn’t alone in this crusade. They’ve been working with Chainlink, which also recently made bank systems and blockchains play nice with the help of Swift, the financial messaging network. They’ve connected everything with Chainlink’s Cross-Chain Interoperability Protocol-yeah, sounds fancy-but it’s just tech-talk for “making old systems talk to new ones without causing a meltdown.”

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2025-11-04 14:36