UBS announced today the successful completion of the first onchain tokenized fund redemption using Chainlink’s interoperability technology, according to the project’s official post on X. The operation marks a significant step in bridging traditional finance with blockchain infrastructure.
We’re excited to announce that @UBS has successfully completed the world’s first in-production, end-to-end tokenized fund workflow leveraging the Chainlink Digital Transfer Agent (DTA) technical standard.https://t.co/h5wCdqaXIh
UBS—one of the world’s largest private banks with… pic.twitter.com/smfbwOptx4
— Chainlink (@chainlink) November 4, 2025
The redemption was conducted through the UBS Tokenization Service, leveraging Chainlink’s Cross-Chain Interoperability Protocol (CCIP) to connect blockchain-based assets with traditional banking systems. This initiative demonstrates the growing integration between major financial institutions and blockchain networks, within what experts project to be a $100 trillion global market for tokenized assets. The collaboration reflects institutional confidence in the security and scalability of onchain settlements, particularly as tokenization gains momentum across capital markets.
Both firms emphasized that the success of this test could pave the way for wider adoption of tokenized financial products. UBS plans to expand its blockchain initiatives, while Chainlink continues strengthening interoperability standards that enable compliant and efficient asset transfers across different networks. The financial industry now closely watches how such pilot programs could evolve into regulated, large-scale implementations.
Source: UBS via Chainlink on X
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