UBS has successfully completed its first on-chain redemption of a tokenized fund, leveraging Chainlink's Digital Transfer Agent (DTA) smart contracts. This marks a significant step in automating fund operations on the blockchain. The redemption utilized UBS's USD Money Market Investment Fund token, uMINT. DigiFT, an exchange specializing in institutional tokenized assets, managed the on-chain deployment, facilitating the smooth execution of the transaction. This achievement builds upon prior collaborative efforts between UBS, Chainlink, and DigiFT to streamline tokenized fund management. By automating processes like redemption, the trio aims to enhance efficiency and transparency within the traditional finance sector. Chainlink's DTA provides secure and reliable data transfer, critical for regulated financial activities on the blockchain. The move signals increased adoption of blockchain technology by established financial institutions. ```