**UBS Completes World’s First In-Production End-to-End Tokenized Fund Transaction Using Chainlink’s Digital Transfer Agent Standard**
UBS has announced the successful completion of the world’s first in-production, end-to-end tokenized fund transaction utilizing Chainlink’s Digital Transfer Agent (DTA) standard. This groundbreaking achievement marks a significant step forward in the automation of fund operations on the blockchain.
### Automating Fund Operations On-Chain
The transaction involved the UBS USD Money Market Investment Fund Token (uMINT), a tokenized money market fund built on the Ethereum blockchain. DigiFT acted as the on-chain distributor, leveraging the DTA standard to request and process both subscription and redemption orders seamlessly.
This milestone illustrates that fund operations can now be automated directly on-chain, making processes faster, more efficient, and easier to manage than ever before.
Mike Dargan, Group Chief Operations and Technology Officer at UBS, commented:
*“This transaction represents a key milestone in how smart contract-based technologies and technical standards enhance fund operations and the investor experience.”*
He further added that as the industry increasingly adopts tokenized finance, achievements like this demonstrate how such innovations can drive greater operational efficiencies and unlock new possibilities for product composability.
### Covering the Full Fund Lifecycle
The newly developed end-to-end tokenized fund workflow supports every stage of the fund lifecycle — from order taking and execution to settlement and data synchronization across both on-chain and off-chain systems. This comprehensive approach showcases the potential of blockchain technology to streamline all aspects of traditional fund management.
### A Milestone for Finance?
Sergey Nazarov, CEO of Chainlink, expressed his excitement about the collaboration with UBS and DigiFT:
*“Chainlink’s technology is powering an in-house tokenized fund transaction across different blockchains, enabling secure, compliant, and scalable end-to-end workflows for tokenized assets. This sets a new benchmark for institutional finance on-chain.”*
Nazarov highlighted UBS’s leadership in expanding digital asset services while maintaining stringent regulatory and operational standards. This development signals that traditional finance can confidently transition onto blockchain platforms, enjoying the same reliability and efficiency demanded by the industry.
### UBS and Chainlink Drive Tokenization Forward
This milestone follows Chainlink’s recent launch of a new solution that allows banks to manage blockchain-based assets directly through their existing SWIFT infrastructure. Chainlink initially tested this solution in partnership with UBS Tokenize, UBS’s in-house tokenization unit.
The successful transaction underscores how financial institutions are beginning to adopt blockchain technology in earnest, proving that fund operations can be conducted securely and efficiently on-chain.
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As blockchain continues to transform traditional finance, UBS and Chainlink are at the forefront, demonstrating how tokenization and smart contract technology can revolutionize fund management and operational workflows.
https://coinpedia.org/news/ubs-and-chainlink-complete-worlds-first-live-tokenized-fund-transaction/