In accordance with Criptonoticias, Swiss bank UBS has completed the management of a tokenized fund using Chainlink's Digital Transfer Agent (DTA) standard. The DTA enabled a Chainlink oracle to act as a digital transfer agent, automating and securely orchestrating communication and data transfer between traditional off-chain fund systems and on-chain smart contracts. The core of the transaction was the UBS USD Money Market Investment Fund Token (uMINT), built on Ethereum. DigiFT, a tokenized asset distribution partner, used the DTA standard to process subscription and redemption orders. Despite the institutional adoption significance, the LINK token price saw only a modest increase, rising from around $13 to $16 in the past week.
Swiss Bank UBS Completes Tokenized Fund Management Using Chainlink DTA
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