UBS Group has completed instant tokenization fund transactions using the Chainlink DTA standard

UBS Group announced that it has completed end-to-end real-time tokenized fund transactions in a production environment using the Chainlink Digital Transfer Agent (DTA) technology standard.

The transaction was executed jointly by UBS Tokenize and DigiFT, involving the first on-chain subscription and redemption of the UBS Dollar Money Market Investment Fund token, uMINT. The process covers various stages of the fund lifecycle, including order reception, execution, settlement, and data synchronization between on-chain and off-chain systems.

DigiFT, as the on-chain fund distributor, completed the automated settlement of uMINT shares based on the Chainlink DTA standard. UBS Chief Operating and Technology Officer Mike Dargan stated that this transaction demonstrates the potential of smart contracts and standardized technology in enhancing fund operational efficiency and investor experience.

Chainlink co-founder Sergey Nazarov noted that this achievement sets a new industry benchmark for institutional-grade tokenized finance. DigiFT founder Henry Zhang added that utilizing the Chainlink DTA standard enables real-time subscription and redemption operations directly integrated with institutional custody systems.