uMINT, issued by UBS Asset Management, is a tokenized money market fund interest that provides onchain access to institutional grade cash management returns underpinned by high quality short-term money market instruments on a conservative, risk-managed framework [S1].

Each token represents a fractional interest in a money market fund that invests in short-term U.S. Treasury instruments, specifically U.S. Treasury bills [S1]. The fund is positioned for cash management returns underpinned by high quality money market instruments rather than price tracking against a single security [S1]. Holders receive economic exposure to the fund's underlying portfolio through their tokenized interest [S1].

The fund is issued by UBS Asset Management, with the product and its precursor pilot tied to Singapore and launched under the Monetary Authority of Singapore (MAS) Project Guardian initiative using a Variable Capital Company (VCC) fund structure [S1][S2]. The token represents an interest in a regulated investment fund [S1][S2]. uMINT is available through authorized distribution partners rather than directly to the public, with DigiFT acting as the first authorized onchain fund distributor, and is positioned for institutional investors [S1][S3]. UBS engages regulated custodians for the custody of UBS Tokenize assets [S4]. Onchain subscriptions and redemptions are supported and processed by the authorized distributor [S3].

uMINT is created as a smart contract and registered directly on the public Ethereum network via UBS Tokenize [S1][S4]. Onchain subscription and redemption orders are processed by DigiFT using the Chainlink Digital Transfer Agent (DTA) standard, covering order taking, execution, settlement, and data synchronization across onchain and offchain systems, executed and reconciled onchain [S3].

<Sources
  retrievedAt="2026-06-23"
  items={[
    { id: "S1", url: "https://www.ubs.com/global/en/media/display-page-ndp/en-20241101-first-tokenized-investment-fund.html" },
    { id: "S2", url: "https://www.ubs.com/global/en/media/display-page-ndp/en-20230927-first-blockchain-native.html" },
    { id: "S3", url: "https://www.ubs.com/global/en/media/display-page-ndp/en-20251104-chainlink.html" },
    { id: "S4", url: "https://www.ubs.com/global/en/investment-bank/tokenize.html" },
  ]}
/>


# Asset senders (daily) methodology

## 1. Overview

Asset senders (daily) is calculated as the number of unique addresses that initiate asset transfers within a fixed 24-hour window. Daily activity is measured from 00:00 UTC to 23:59 UTC for each tracked asset. Active transactors are isolated from passive recipients by identifying only the sending addresses of transactions. This metric is utilized to evaluate the daily active user base and transaction utility of tokenized assets across multiple blockchain networks.

## 2. Data sources

- **EVM chain events**: ERC-20 `Transfer` events, covering EVM-compatible chains (Ethereum, Arbitrum, Base, Polygon, Optimism, and others)
- **Solana instructions**: Token transfer instructions, covering Solana
- **Aptos, Cardano, Stellar Classic, and Sui events**: Token withdraw events, covering Aptos, Cardano, Stellar, and Sui
- **Near, Algorand, Injective, Ripple, and Stellar Soroban events**: Token transfer events, covering Near, Algorand, Injective, Ripple, and Stellar
- **Polkadot Asset Hub events**: `Transferred` events from the `assets` pallet, covering Polkadot Asset Hub
- **Asset metadata**: Token addresses and chain configurations

## 3. Step-by-step calculation

### Component A: Extract sender addresses

- **Purpose**: Identify and extract the unique sending addresses for each asset transfer across all supported chains.
- **Logic**: On EVM-compatible chains, sending addresses are extracted from the `from` field of ERC-20 `Transfer` events, excluding the zero address to filter out mint transactions. On Solana, sending addresses are extracted from the authority address field of token transfer instructions. On Aptos, Cardano, Stellar Classic, and Sui, sending addresses are identified from the account address field of token withdraw events. On Near, Algorand, Injective, and Stellar Soroban, sending addresses are extracted from the sender address field of token transfer events, with null addresses excluded. On Ripple, sending addresses are extracted from token transfer events where the transfer value is negative. On Polkadot Asset Hub, sending addresses are extracted from the event data of `Transferred` events emitted by the `assets` pallet.
- **Key fields**: `timestamp` (block timestamp truncated to daily grain), `token_address` (the contract or asset identifier), `sender_address` (the address initiating the transfer)

### Component B: Consolidate and deduplicate sender data

- **Purpose**: Aggregate sender addresses across all chains and prepare the dataset for daily unique counting.
- **Logic**: Sender records from all individual chains are consolidated into a unified dataset. For each asset on each chain, the sending addresses are grouped by day. To prevent double-counting, duplicate sender addresses for the same asset on the same chain within the same 24-hour window are removed.
- **Key fields**: `timestamp` (daily timestamp), `chain_id` (blockchain identifier), `token_address` (asset address), `sender_address` (unique sending address)

### Component C: Final aggregation

- **Purpose**: Calculate the final daily active sender count per asset and per chain.
- **Logic**: The consolidated dataset is aggregated to compute the daily active senders. Unique sending addresses are counted for each asset on a daily basis, both at the individual chain level and aggregated across all chains for multi-chain assets. If no transfer activity is recorded for a tracked asset on a given day, the daily sender count is filled with zero values.
- **Key fields**: `timestamp` (daily timestamp), `chain_id` (blockchain identifier), `token_address` (asset address), `asset_dau` (daily active senders count)

*This methodology was automatically generated by Token Terminal's methodology analyzer.*

Unique asset senders over a fixed 24-hour window.

Asset senders (daily)

Tokenized funds

UBS Tokenise deploys regulated fund products as on-chain tokens, with UBS Asset Management acting as fund manager and regulated distribution partners (e.g., DigiFT) providing primary market access to accredited investors.

UBS issues tokenized money market and treasury products through UBS Tokenise (its on-chain issuance arm) and UBS Asset Management, including the UBS USD Money Market Investment Fund Token (uMINT) distributed via the DigiFT platform.

UBS is a global wealth manager and one of the world's largest banks, headquartered in Switzerland with operations in over 50 countries and $5+ trillion in invested assets.

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Asset management

UBS USD Money Market Investment Fund Token (uMINT) is a tokenized fund share issued by UBS and managed by UBS Asset Management.

The fund is open-ended and invests in money market instruments.

Investors can subscribe and redeem, and holders have a right to redeem at net asset value.

uMINT has been issued on Ethereum as an ERC-1404 token since November 2024.

UBS USD Money Market Investment Fund TokenuMINT