Chainlink, UBS Advance $100T Fund Industry Tokenization via Swift Workflow

Core Insights - Chainlink has developed a technical process that enables banks to interact with tokenized investment funds via Swift, enhancing the integration of blockchain technology into traditional finance [1] - A pilot program with UBS demonstrated the effectiveness of Chainlink's Runtime Environment (CRE) in processing subscriptions and redemptions for a tokenized fund using ISO 20022 messages [1][2] - The initiative is part of a broader effort to improve interoperability between traditional banking systems and blockchain infrastructure, allowing banks to utilize existing tools while Chainlink manages the blockchain operations [2][3] Group 1 - The blockchain workflows initiated from UBS's systems were successfully processed by CRE, which then executed the necessary transactions in the Chainlink Digital Transfer Agent [2] - This development is a continuation of Project Guardian, a tokenization initiative led by Singapore's central bank, which aims to enhance the use of Swift for triggering on-chain events [3] - Chainlink's recent pilot with 24 global banks and financial infrastructure providers aims to leverage AI to standardize data from corporate action announcements, addressing an industry cost of approximately $58 billion annually [4]