Key Takeaways
- • UBS announced on November 4, 2025 that it completed the world's first in-production, end-to-end tokenized fund workflow using the Chainlink Digital Transfer Agent (DTA) technical standard.
- • The live transaction was the first on-chain subscription and redemption request for the UBS USD Money Market Investment Fund Token (uMINT), an Ethereum-based money market fund.
- • DigiFT acted as the on-chain fund distributor, using the DTA standard to request and process the subscription and redemption order.
- • The workflow can cover the full fund lifecycle, including order taking, execution, settlement, and data synchronization across on-chain and off-chain systems.
- • UBS manages $6.9 trillion in invested assets as of Q3 2025, and the bank positions the work under its UBS Tokenize initiative.
Summary
UBS said on November 4, 2025 that it had achieved what it describes as the world's first successful completion of an in-production, end-to-end tokenized fund workflow leveraging the Chainlink Digital Transfer Agent (DTA) technical standard. The milestone centers on the first on-chain subscription and redemption request for the UBS USD Money Market Investment Fund Token (uMINT), a money market investment built on Ethereum distributed ledger technology.
In the live transaction, DigiFT served as the on-chain fund distributor and used the DTA standard to request and process a subscription and redemption order. According to the announcement, the new workflow can cover every stage of the fund lifecycle, including order taking, execution, settlement, and data synchronization across all on-chain and off-chain systems. UBS framed the result as evidence that automating fund operations on-chain can deliver efficiency gains and greater product composability.
Mike Dargan, Group Chief Operations and Technology Officer at UBS, said the transaction represents a key milestone in how smart contract-based technologies enhance fund operations and the investor experience, and tied the achievement to the bank's UBS Tokenize initiative. Sergey Nazarov, Co-Founder of Chainlink, said the work demonstrates a path for secure, compliant and scalable end-to-end workflows for tokenized assets, and that Chainlink is powering the in-production transaction across chains. Henry Zhang, Founder and Group CEO of DigiFT, described DigiFT as the authorized on-chain fund distributor for uMINT and said the parties demonstrated how fund operations can be executed and reconciled on-chain with real-time visibility, integrated with institutional custody.
UBS described itself as a leading global wealth manager and the leading universal bank in Switzerland, with $6.9 trillion in invested assets as of third quarter 2025, headquartered in Zurich and operating in more than 50 markets. UBS Tokenize, its in-house tokenization service, initially focuses on tokenizing bonds, funds and structured products, spanning origination, issuance, distribution and custody. The press release is a company announcement, and the source does not disclose fund AUM or performance figures for uMINT.
In the live transaction, DigiFT served as the on-chain fund distributor and used the DTA standard to request and process a subscription and redemption order. According to the announcement, the new workflow can cover every stage of the fund lifecycle, including order taking, execution, settlement, and data synchronization across all on-chain and off-chain systems. UBS framed the result as evidence that automating fund operations on-chain can deliver efficiency gains and greater product composability.
Mike Dargan, Group Chief Operations and Technology Officer at UBS, said the transaction represents a key milestone in how smart contract-based technologies enhance fund operations and the investor experience, and tied the achievement to the bank's UBS Tokenize initiative. Sergey Nazarov, Co-Founder of Chainlink, said the work demonstrates a path for secure, compliant and scalable end-to-end workflows for tokenized assets, and that Chainlink is powering the in-production transaction across chains. Henry Zhang, Founder and Group CEO of DigiFT, described DigiFT as the authorized on-chain fund distributor for uMINT and said the parties demonstrated how fund operations can be executed and reconciled on-chain with real-time visibility, integrated with institutional custody.
UBS described itself as a leading global wealth manager and the leading universal bank in Switzerland, with $6.9 trillion in invested assets as of third quarter 2025, headquartered in Zurich and operating in more than 50 markets. UBS Tokenize, its in-house tokenization service, initially focuses on tokenizing bonds, funds and structured products, spanning origination, issuance, distribution and custody. The press release is a company announcement, and the source does not disclose fund AUM or performance figures for uMINT.
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