Hassan Maishera
Chainlink announced via a blog post on Tuesday that it has introduced the Chainlink Digital Transfer Agent (DTA) technical standard. DTA is a comprehensive set of technical standards that define how transfer agents and fund administrators can expand their operations onchain to support tokenized assets, while remaining aligned with existing regulatory frameworks.
This feature takes advantage of multiple time-tested Chainlink capabilities to provide the easiest and most reliable path for market participants to launch their own onchain transfer agency services and capture the emerging opportunity of tokenized financial markets.
The Chainlink DTA technical standard is ideal for transfer agents, fund administrators, issuers, distributors, and custodians. It allows them to quickly and easily offer the following services:
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Real-time subscription and redemption processing of tokenized funds across multiple blockchains.
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Seamless integration of pre-built fiat and digital asset settlement workflows, reducing the need for manual reconciliation.
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Programmable compliance enforcement directly in the transaction flow, powered by Chainlink Automated Compliance Engine (ACE), eliminating fragmented eligibility checks.
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An onchain golden record of fund lifecycle activities that is automatically synchronized with each transaction rather than via delayed reconciliation.
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Cross-chain interoperability for tokenized funds, removing the siloed nature of single-chain tokenization initiatives.
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Transparent, auditable records that build regulator and market participant confidence, with extensibility to additional products beyond investment funds, such as ETFs, corporate debt, and private equity.
UBS uMINT, the token corresponding to UBS Asset Management’s tokenized money market investment fund, is the first smart contract to begin adopting the DTA technical standard.
Chainlink Network (LINK) aims to provide tamper-proof inputs and outputs of data for smart contracts on any blockchain. LINK is down 1.3% over the past 24 hours and is trading at $21.30 at press time.
