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UBS and Chainlink Achieve First Onchain Tokenized Fund Redemption

On November 4, 2025, UBS successfully completed the first onchain redemption of a tokenized fund, utilizing Chainlink's Digital Transfer Agent (DTA). This milestone highlights the integration of blockchain technology with the $100 trillion global fund industry. The transaction was executed with the tokenized UBS USD Money Market Investment Fund Token (uMINT) built on Ethereum, with DigiFT serving as the onchain distributor. UBS's Tokenize platform aims to enhance operational efficiencies by automating critical functions such as order-taking, execution, and settlement, bridging digital and traditional systems. Mike Dargan, UBS’s group chief operating and technology officer, emphasized that this accomplishment demonstrates the potential of smart contract-based technologies to improve fund operations and investor experiences. This event follows a recent pilot involving Chainlink that connected existing bank systems to blockchains, illustrating the evolving landscape of tokenized finance.

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Record $1.26B Outflow Hits BlackRock Bitcoin ETF as Bearish Options Cost Soars

BlackRock's Bitcoin ETF, IBIT, has encountered a monumental net outflow of $1.26 billion in November, marking the most significant withdrawal since its inception in January 2024. This outflow comes amidst a price decline of 16%, bringing the share price down to $52, a level not seen since

Mastercard Picks Polygon to Bring Verified Usernames to Self-Custody Wallets

Mastercard has announced its collaboration with Polygon to introduce a system allowing users to send cryptocurrencies using verified usernames instead of lengthy wallet addresses. This new feature, referred to as the Mastercard Crypto Credential, aims to enhance security and user-friendliness in crypto transactions. By utilizing the services of Mercuryo, a

Bitcoin Dominance is Bleeding With Price, But Market Observers Say Altcoin Season is on Hold

Bitcoin's recent decline in price and dominance rate indicates a broader market deleveraging rather than a straightforward rotation into altcoins. While Bitcoin has dropped nearly 16% this month, its dominance has slipped from 61.4% to 58.9%. Despite speculation about an upcoming 'altcoin season', many

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