Overview
- UBS processed live subscription and redemption orders for its UBS USD Money Market Investment Fund Token (uMINT) on Ethereum with DigiFT acting as the on‑chain distributor.
- The workflow used Chainlink’s Digital Transfer Agent standard to automate order taking, execution, settlement, and data synchronization across on‑chain and off‑chain systems.
- Chainlink’s DTA bundles the Chainlink Runtime Environment, Cross‑Chain Interoperability Protocol, Automated Compliance Engine, and NAVLink to handle orchestration, interoperability, compliance, and pricing.
- UBS executed the transaction through its UBS Tokenize platform, positioning the bank’s tokenization program to extend beyond issuance into full lifecycle fund operations.
- Participants framed the event as a benchmark built on prior pilots with Swift and MAS Project Guardian, with broader industry adoption and regulatory integration identified as next steps.