UBS Asset Management announced that it has completed the first in‑production, end‑to‑end tokenized fund transaction on the Ethereum blockchain, using Chainlink’s Digital Transfer Agent (DTA) technical standard. The transaction, executed on November 4 2025, involved the UBS USD Money Market Investment Fund Token (uMINT) and demonstrated a fully automated subscription and redemption process that spans on‑chain and off‑chain systems.
The on‑chain distributor DigiFT leveraged the DTA standard to capture orders, execute trades, settle payments, and synchronize data with traditional custodians and back‑office platforms. The workflow enabled real‑time visibility of fund flows, automated compliance checks, and instant settlement, eliminating the manual reconciliation that typically delays fund operations by days or weeks.
This milestone is a cornerstone of UBS’s “UBS Tokenize” initiative, which aims to bring institutional‑grade tokenization to a broad range of assets. By proving that a regulated fund can operate entirely on‑chain, UBS positions itself to tap an industry that analysts project could reach $100 trillion in tokenized assets. The success also signals to investors that UBS is ready to offer new, liquid, and compliant products that can be traded across borders with lower friction.
Mike Dargan, UBS’s Group Chief Operations and Technology Officer, said the achievement “illustrates how smart‑contract‑based technologies and technical standards enhance fund operations and the investor experience. As the industry continues to embrace tokenized finance, this achievement demonstrates how these innovations drive greater operational efficiencies and new possibilities for product composability.” The quote underscores the operational and product‑development benefits UBS expects from broader tokenization adoption.
Chainlink’s DTA standard, unveiled on September 30 2025, is designed to enable transfer agents and fund administrators to run on‑chain operations while meeting regulatory requirements. It incorporates Chainlink’s Cross‑Chain Interoperability Protocol (CCIP) for seamless cross‑chain settlement and the Automated Compliance Engine (ACE) for real‑time regulatory checks. UBS’s adoption marks the first major institution to implement the standard, setting a benchmark for institutional finance on‑chain.
Henry Zhang, Founder and Group CEO of DigiFT, added that the collaboration “demonstrated how fund operations can be executed and reconciled on‑chain with real‑time visibility. Leveraging the Chainlink DTA technical standard enables seamless subscription and redemption workflows directly integrated with institutional custody.” The partnership illustrates how third‑party distributors can accelerate tokenization rollouts and how UBS can leverage external expertise to scale its tokenized offerings.
The event also highlights the competitive landscape, as other asset managers such as Franklin Templeton and BlackRock are launching tokenized funds. UBS’s early‑mover advantage, combined with its deep regulatory expertise and global distribution network, positions it to capture a growing share of the tokenized asset market.
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