UBS has successfully completed the first live subscription and redemption of a tokenized money market fund entirely on the Ethereum blockchain using Chainlink’s infrastructure.
Key Takeaways
- UBS processed a tokenized fund transaction fully onchain using Chainlink’s Digital Transfer Agent (DTA) standard and Ethereum.
- The transaction involved the UBS USD Money Market Fund (uMINT), completed end-to-end through UBS Tokenize and onchain exchange DigiFT.
- Chainlink’s DTA standard integrates tools like CCIP, CRE, ACE, and NAVLink to enable secure and compliant fund operations across blockchains.
- The initiative signals a shift toward tokenized finance, with UBS aiming to lead traditional institutions into onchain infrastructure.
What Happened?
UBS has completed a milestone transaction by executing both the subscription and redemption of its tokenized USD Money Market Fund (uMINT) on Ethereum. The process utilized Chainlink’s DTA standard to automate the entire workflow and synchronize data across blockchain and traditional banking systems. DigiFT acted as the onchain distributor to manage order flows in real time.
We’re excited to announce that @UBS has successfully completed the world’s first in-production, end-to-end tokenized fund workflow leveraging the Chainlink Digital Transfer Agent (DTA) technical standard.https://t.co/h5wCdqaXIh
— Chainlink (@chainlink) November 4, 2025
UBS—one of the world’s largest private banks with… pic.twitter.com/smfbwOptx4
UBS Brings Traditional Finance Fully Onchain
In a move set to transform fund management, Swiss banking giant UBS piloted a live, in-production tokenized fund transaction through its blockchain service UBS Tokenize. The transaction marked the first real-world use of Chainlink’s Digital Transfer Agent standard to automate the fund lifecycle entirely onchain.
The fund operation included all essential phases:
- Order placement
- Execution
- Settlement
- Data synchronization between onchain and traditional systems
Chainlink’s DTA enabled the seamless orchestration by combining several components:
- CRE (Chainlink Runtime Environment)
- CCIP (Cross-Chain Interoperability Protocol)
- ACE (Automated Compliance Engine)
- NAVLink for net asset value calculation
These tools helped UBS ensure that the onchain fund operations adhered to institutional standards for compliance, transparency, and security.
DigiFT Acts as Onchain Distributor
Singapore-based onchain exchange DigiFT facilitated the live orders for the UBS USD Money Market Fund. Using the DTA protocol, DigiFT enabled real-time fund processing and acted as a bridge between the Ethereum network and UBS’s internal systems.
The successful demonstration shows that traditional finance institutions can now integrate with blockchain infrastructure while retaining compliance and operational control.
Chainlink and UBS Expand Blockchain Collaboration
This breakthrough builds on earlier collaborations between UBS and Chainlink under the Monetary Authority of Singapore’s Project Guardian. The success of this latest pilot signals a deeper institutional commitment to blockchain adoption.
According to UBS, this step is part of a long-term strategy to embrace tokenized finance, especially as analysts forecast the tokenized asset market could grow into a $100 trillion industry. Chainlink co-founder Sergey Nazarov highlighted that this transaction proves the financial industry can achieve secure and compliant operations on decentralized networks.
CoinLaw’s Takeaway
Honestly, this is a big moment for tokenized finance. I’ve been following institutional blockchain adoption for years, and this is one of the clearest signs yet that traditional banks aren’t just experimenting with blockchain, they’re actively implementing it. UBS didn’t just run a simulation. They did it live, with real fund operations, end to end, on Ethereum. That’s huge.
What really stands out is how Chainlink’s standards made this work across both worlds. As more big names see the success of this kind of transaction, I expect onchain workflows to move from pilots to everyday practice. This feels like the early days of something much bigger.
