UBS successfully executed the first instant tokenization fund transaction using Chainlink DTA technology standard.

PANews, November 4th, news from Chainlink official sources, UBS announced today that it has successfully completed the world's first end-to-end tokenization fund workflow in a production environment using Chainlink DTA technology standards. The UBS US Dollar Money Market Investment Fund Token (“uMINT”) is a money market investment fund based on Ethereum's distributed ledger technology. This time, uMINT has successfully completed subscription and redemption requests on-chain for the first time, proving that seamless and automated fund operations can be achieved on-chain, thereby increasing efficiency and utility gains. In this instant transaction, DigiFT acted as the on-chain fund distributor, successfully requesting and processing the settlement of uMINT shares using the Chainlink DTA standard. This brand-new end-to-end tokenization fund workflow covers every stage of the fund lifecycle, including order reception, execution, settlement, and data synchronization between all on-chain and off-chain systems.

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