UBS and Chainlink Complete First Onchain Tokenized Fund Redemption
UBS and Chainlink have executed the first onchain redemption for a tokenized fund, marking a milestone for the $100 trillion real-world asset market.
Partners
UBS, Chainlink
Event
First Onchain Tokenized Fund Redemption
Market Size
$100T
UBS and Chainlink successfully carried out the inaugural onchain redemption of a tokenized fund. This event represents a significant step for the broader $100 trillion market for real-world assets. The collaboration demonstrates the feasibility of onchain settlement for institutional fund operations.
Original summary by the Intergalactic Newsroom based on the cited source; read the source for full details. Not investment advice.