Recently, in a pilot program, Swift, along with UBS Asset Management and Chainlink , showed a new way to settle tokenized fund transactions, aiming for greater market efficiency and liquidity.
Through the Monetary Authority of Singapore’s Project Guardian, a global group uniting industry leaders and policymakers, the pilot tested Swift’s infrastructure to allow off-chain cash settlements for tokenized funds with their fiat payment systems across its network of over 11,500 financial institutions in more than 200 countries.
Chainlink, SWIFT, UBS, Streamline Fund Transactions with Blockchain
Under Project Guardian, driven by the Monetary Authority of Singapore, Swift, UBS Asset Management, and blockchain oracle network Chainlink has just announced a successful pilot focused on tokenized fund settlement.
The initiative leverages Swift’s extensive global financial messaging, reaching more than 11,500 institutions to integrate tokenized fund processes with existing fiat
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