Novel Ho3+-doped transparent oxyfluoride SiO2–Al2O3–Na2CO3–CaO–BaF2–YbF3 glass ceramics (GC) containing BaYbF5 nanocrystals were fabricated via melt-quenching technique with subsequent heat treatment. The formation of crystalline fluoride phase was confirmed by X-ray diffraction (XRD) and transmission electron microscopy (TEM). Compared to precursor glasses, the greatly enhanced green emission (40-fold), new emission band at ultraviolet-blue region and stark splittings of emission in GC, indicate that Ho3+ enters into BaYbF5 nanocrystals with low phonon energy. Besides, the origin of the previously unconfirmed emission band at 440–460nm is clearly identified by measuring spectra from thermally coupled luminescent levels at various temperatures. The outstanding upconversion properties of Ho3+ in GC may present potential application in all-solid-state upconversion lasers operating in the visible and ultraviolet range.