UBS Just Made History With a Crypto Move That Will Leave You Speechless

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UBS has just made history by completing the first-ever live tokenized fund transaction on Ethereum using Chainlink’s DTA standard. Yup, we’re officially living in the future.

 

Well, folks, it’s official. UBS has completed its first live transaction of a tokenized money market fund. It was like watching a giant leap for mankind, only with more spreadsheets and less moonwalking.

They did it using Chainlink’s Digital Transfer Agent (DTA) standard and the trusty ol’ Ethereum blockchain. Sounds like jargon, right? But in simpler terms, UBS just plugged into the future of finance while everyone else is still figuring out how to use Venmo.

UBS Completes the World’s First Live Tokenized Fund Transaction, No Biggie

UBS pulled off the first-ever live subscription and redemption of its tokenized USD Money Market Fund (uMINT). And guess what? It happened entirely on the Ethereum blockchain. No intermediaries, no dusty office visits. Just the sweet, sweet sound of blockchain automation at work.

Mike Dargan, the Group Chief Operations and Technology Officer at UBS, was quoted as saying,

“This transaction represents a key milestone in how smart contract-based technologies and technical standards enhance fund operations and the investor experience.”

It’s like he’s saying, “Look, we’ve got this blockchain thing figured out, and your grandpa’s way of handling funds? Yeah, that’s cute, but we’ve moved on.”

He added that blockchain technology isn’t just the cool new tech; it’s actually making finance more efficient. No more old-school bottlenecks. Everything is on-chain now-like a well-organized digital supermarket for money.

Everything, from order placement to settlement, was processed on-chain. Chainlink’s DTA made sure the data was synced up between the blockchain and UBS’s internal systems. Think of it as the high-tech version of keeping your receipts in order, but way more exciting.

Chainlink Makes UBS Look Like a Blockchain Genius

And here’s where Chainlink really earns its wings. The DTA standard? It wasn’t just a small part of the show-it was the star.

It brought a bunch of essential tools to the table, including the Cross-Chain Interoperability Protocol (CCIP), the Automated Compliance Engine (ACE), and NAVLink, which helps UBS calculate net asset values. It’s like a digital Swiss army knife of financial tools.

We’re thrilled to announce that the world’s first in-production, end-to-end tokenized fund workflow was completed with Chainlink’s Digital Transfer Agent (DTA) tech. Yup, they really did it.

UBS-one of the world’s largest private banks-just casually changed the game.

– Chainlink (@chainlink)

Sergey Nazarov, co-founder of Chainlink, couldn’t contain his excitement either. He said this transaction proves that traditional financial systems can actually live and breathe on decentralized networks.

Basically, blockchain isn’t just a nerdy side project anymore. It’s a real, live thing helping UBS stay in line with regulations while not losing its mind over all that digital asset stuff.

This whole thing builds on UBS and Chainlink’s ongoing collaboration, especially through Singapore’s Project Guardian. If you didn’t know that was happening, don’t worry-you’ll catch up. Trust me, you’ll be hearing about this a lot more soon.

DigiFT: The Unsung Hero of UBS’s Tokenized Fund Transaction

Enter DigiFT, a Singapore-based on-chain exchange, who played a crucial role in this tokenized masterpiece. It acted as the on-chain distributor, making sure everything was processed in real-time and in perfect harmony with UBS’s internal systems. Basically, DigiFT is the unsung hero of this financial blockbuster.

So, what’s the takeaway? Decentralized exchanges are making traditional finance look like it’s finally ready to join the 21st century. These exchanges ensure that transactions happen securely, with transparency, and in real time. It’s like fintech meets high-speed rail.

With DigiFT’s help, UBS demonstrated how decentralized finance can work hand-in-hand with established financial systems. Think of it as a smooth handshake between the old guard and the new cool kids on the blockchain block.

By teaming up with DigiFT and Chainlink, UBS is showing the world how tokenized assets can be managed efficiently and securely in a decentralized space. And no, this isn’t some one-off experiment. UBS is leading the charge in transitioning to digital finance, and we’re all just trying to keep up.

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2025-11-05 14:56