PANews reported on November 4th that UBS announced today that it has successfully completed the world's first end-to-end tokenization fund workflow in a production environment using the Chainlink DTA technology standard.
The UBS Dollar Money Market Fund token (“uMINT”) is a money market fund based on Ethereum's distributed ledger technology. This marks the first time uMINT has completed subscription and redemption requests on-chain, demonstrating the ability to achieve seamless and automated fund operations on-chain, thereby improving efficiency and utility gains. In this instant transaction, DigiFT, as an on-chain fund distributor, successfully requested and processed the settlement of uMINT shares using the Chainlink DTA standard.
This new end-to-end tokenized fund workflow covers every stage of the fund lifecycle, including order receipt, execution, settlement, and data synchronization between all on-chain and off-chain systems.
