What happened?
UBS completed the world’s first in-production, end-to-end tokenized fund transaction using the Chainlink Digital Transfer Agent (DTA) standard, with DigiFT acting as the on-chain distributor for the uMINT token. The workflow automated order taking, execution, settlement and real-time reconciliation on Ethereum for subscriptions and redemptions. This moves tokenized fund operations from pilot projects into a live institutional use case, building on prior Swift–UBS–Chainlink collaboration.
Who does this affect?
Banks, asset managers and custodians now have a tested model to speed up fund operations and cut manual reconciliation work by integrating on-chain standards like Chainlink DTA. Investors — both retail and institutional — may get faster, more transparent access to tokenized fund products such as uMINT, while exchanges, market makers and DeFi infrastructure providers will need to support new on-chain flows. Service providers like DigiFT and Chainlink stand to gain business as more regulated firms look for compliant on-chain distribution and settlement solutions.
Why does this matter?
It signals that tokenized finance can meaningfully change market plumbing by reducing settlement times, lowering operational costs and improving transparency, which could boost efficiency across the industry. Wider institutional adoption could drive demand for tokenized assets and related infrastructure, increasing activity on public chains and for middleware services. Over time this could shift liquidity into on-chain funds, force legacy players to adapt, and prompt new custody, compliance and regulatory models in the market.