UBS, Chainlink & Swift Pioneer Tokenized Funds Solution
UBS Tokenize, in collaboration with Chainlink and other industry heavyweights, has pioneered a groundbreaking solution for managing tokenized fund subscriptions and redemptions. Leveraging ISO 20022 messages via CRE and Swift infrastructure, the pilot project successfully triggered smart contract events on a blockchain.
The solution, built on past use cases like MAS' Project Guardian, integrates CRE to simplify interactions with tokenized assets. It enables institutions to use familiar Swift messages to trigger onchain events more generically, without needing to upgrade infrastructure or replace existing processes.
The project, initiated in 2024 as part of MAS' Project Guardian, involved Chainlink, UBS Tokenize, and Swift itself. Sergey Nazarov, Co-Founder of Chainlink, hailed UBS' demonstration of smart contract-based technologies for product lifecycle composability. This innovation reduces operational friction, supports automated compliance, enhances transparency, and delivers efficiency gains through programmable infrastructure. It opens up last-mile connectivity options already familiar to financial institutions and service providers.
The successful pilot project paves the way for widespread adoption in the $100+ trillion global fund industry. By harnessing blockchain technology's speed, efficiency, composability, and risk management benefits, this solution promises to revolutionize digital asset workflows, benefiting both institutions and investors alike.
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