Overview
- On Nov. 4, UBS processed live subscription and redemption orders for its UBS USD Money Market Investment Fund Token (uMINT) on Ethereum in production.
- DigiFT acted as the authorized on-chain distributor, with UBS initiating orders from its internal systems and Chainlink infrastructure executing the workflow.
- Chainlink’s Digital Transfer Agent standard powered the process and integrates CRE, CCIP, ACE, and NAVLink to orchestrate actions, enforce compliance, and sync pricing and records.
- The model automates end-to-end fund operations from order taking through settlement and reconciliation, and supports Offchain, Local Onchain, and Cross-chain Onchain settlement modes.
- The transaction, executed via UBS Tokenize, builds on prior Swift-linked and Project Guardian pilots and is framed by participants as groundwork for broader institutional deployment pending regulatory alignment.