Swiss banking giant UBS has taken a major step towards institutional blockchain by executing the first live tokenized fund transaction on the Ethereum network, a groundbreaking demonstration of blockchain’s real-world utility. By bringing fund operations to blockchain, UBS is demonstrating how tokenization can eliminate settlement friction, improve transparency and expand access to digital asset markets.
How institutional adoption of Ethereum is accelerating
Among the ranks of global finance and true innovations was UBS, the legendary Swiss banking giant announced completion of the first live tokenized fund transaction on the Ethereum blockchain. By CryptoGucci post on X, UBS completed the first on-chain tokenized fund redemption using Chainlink’s digital transfer agent (DTA). This deal represents a milestone in blockchain infrastructure for the $100 trillion funds industry.
The transaction involved the tokenized UBS USD USD money market mutual fund token (uMINT) on the ETH blockchain. This achievement is intended to achieve unprecedented operational efficiencies and unlock novel product composition opportunities in the traditionally inflexible funds industry. Meanwhile, the leader in this space is the proprietary UBS tokenization platform, a platform designed to automate key functions.
Mike Dargan, UBS’s chief operating officer and chief technology officer, said the transaction represents a key milestone in how sharp contract technologies and advanced technical standards can improve fund operations and investor experiences.
Ethereum is entering a novel era of supercycle where ETH’s current price does not reflect the monumental improvements to its underlying infrastructure over the past few months. He is a full-time stock investor and trader known as StockTrader_Max excellent that the current situation will not last long due to ETH’s 8-year historical chart. It also shows that ETH’s upward trend over the last 5 years has been in a consolidation phase that is likely coming to an end.
However, this breakout will not occur until behind schedule 2025. Traders and investors who are patient will benefit exponentially from the impending supercycle. This breakthrough will come as Wall Street and the broader financial industry embrace the blockchain space and start building on ETH.
The repo market has just given the signal
weRate_Official co-founder, CoinCompassHQ host and Forbes 30U30 bestselling author Quinten Francois has revealed that the repo market has just collapsed. The Federal Reserve just conducted an overnight repo operation, injecting a staggering $29.4 billion into the banking system, the largest amount since the chaos of 2020.
In 2019, this exact scenario resulted in a $255 billion emergency liquidity injection, followed by $6 trillion in quantitative easing (QE) after the convenient emergence of the Covid pandemic. “Ignore this noise because this is how every major liquidity cycle begins,” Francois mentioned.
