UBS and Chainlink Execute First Tokenized Fund Redemption

UBS and Chainlink completed the first blockchain-based tokenized fund redemption in the $100 trillion market.

UBS executed the first on-chain redemption of a tokenized fund November 3, 2025, using Chainlink's Digital Transfer Agent (DTA) standard. Asset: uMINT (UBS USD Money Market Investment Fund Token) on Ethereum. DigiFT acted as on-chain distributor. Significance: $100 trillion global fund industry milestone.​

uMINT and Prior Testing

UBS Tokenize launched uMINT October 31, 2024, on Ethereum as blockchain-native money market fund. Swift and Chainlink previously piloted similar workflow November 2024. Token now tradeable on DigiFT, Bybit, KuCoin as collateral and asset.​

DTA Automation

Chainlink DTA uses CCIP (interoperability), ACE (collateral verification), NAVLink (net asset value), and CRE (redemption execution). Full workflow: subscription → collateral check → settlement → token burn. No manual intermediaries. Mike Dargan (UBS COO/CTO) and Sergey Nazarov (Chainlink Co-Founder) confirmed transaction.​

Regulatory Path Forward

DigiFT licensed by Singapore MAS and Hong Kong SFC. On-chain institutional fund operations now regulated. Precedent unlocks tokenization for broader assets: derivatives, commodities, fixed income across $100T market.