Calais Digital Assets announced on 18 June 2026 that it became the inaugural institutional client to deploy UBS uMINT as off‑exchange settlement (OES) collateral in live trading, marking a milestone for tokenised investment products.
Institutional Adoption of Tokenised Collateral
The partnership links Calais with UBS Asset Management’s pioneering token, uMINT, and leverages Bybit’s platform—ranked as the world’s second‑largest crypto exchange by trading volume. Bybit’s custody subsidiary, ByCustody, safeguards the token while DigiFT acts as the authorised distributor, enabling a seamless on‑chain subscription process for investors.
Yield Generation and Custody Mechanics
Under the OES framework, Calais retains its uMINT holdings within ByCustody’s segregated vaults, allowing the assets to continue generating yield rather than sitting idle as margin. DigiFT supplies the regulated conduit through which institutions acquire and manage the token on the blockchain, while Bybit accepts the same token as settlement collateral, eliminating the need for pre‑funded cash positions.
Implications for the Crypto Market
This deployment signals to investors that blockchain‑based tokenised funds can simultaneously provide liquidity and yield, potentially reshaping how collateral is sourced in the crypto market. Although UBS has not disclosed a public price for uMINT, the move may encourage other funds to explore similar structures, fostering deeper integration of digital assets into traditional finance.