UBS brings fund redemptions onchain in live Chainlink test
PositiveCryptocurrency

UBS has successfully completed its first live transaction for a tokenized money market fund using Chainlink's technology on the Ethereum blockchain. This innovative approach allows for direct processing of subscription and redemption orders, marking a significant step in the evolution of fund management. By bringing fund redemptions on-chain, UBS is not only enhancing efficiency but also setting a precedent for the future of financial transactions, which could lead to greater transparency and accessibility in the investment landscape.
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