UBS and Chainlink have successfully executed the first onchain tokenized fund redemption in the $100 trillion market. This milestone marks a significant advancement in the integration of blockchain technology within traditional finance. The collaboration aims to enhance the efficiency and transparency of fund transactions. By utilizing onchain solutions, UBS and Chainlink are setting a precedent for future financial operations in the digital asset space. This development could pave the way for broader adoption of tokenized assets in various financial markets.
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