UBS Leverages Chainlink Digital Transfer Agent to Complete End-to-End Tokenized Fund Workflow

Chainlink announced via X on Tuesday that UBS has completed the world’s first in-production, end-to-end tokenized fund workflow leveraging the Chainlink Digital Transfer Agent (DTA) technical standard.

UBS worked with its in-house tokenization unit, UBS Tokenize and DigiFT, to showcase a live, in-production tokenized fund transaction that leverages the Chainlink DTA technical standard to complete the first-ever subscription and redemption request of a tokenized fund.

This new end-to-end tokenized fund workflow can cover every stage of the fund lifecycle, including order taking, execution, settlement, and data synchronization across all onchain and offchain systems.

Chainlink Network (LINK) aims to provide tamper-proof inputs and outputs of data for smart contracts on any blockchain. LINK is up 3.3% over the past 24 hours and is trading at $14.86 at press time.