Core Insights - Chainlink has introduced a new technical framework that allows financial institutions to manage digital asset workflows using Swift's global messaging system, eliminating the need for infrastructure upgrades [1][4] - The pilot conducted with UBS Tokenize demonstrated the use of ISO 20022 messages to trigger blockchain-based transactions, showcasing the integration's effectiveness [3][8] Group 1: Integration and Functionality - The integration allows institutions to connect with blockchain systems without needing new identity, key management, or settlement tools, thereby reducing friction and increasing automation [4][6] - The model is designed to be "plug-and-play," facilitating access to blockchain infrastructure for global institutions without the costs associated with full system replacements [6][8] Group 2: Industry Impact - This development is expected to enable the $100+ trillion fund industry to explore full onchain workflows, enhancing transparency and reducing reconciliation steps [6][8] - Chainlink is collaborating with 24 global banks and financial infrastructure firms to standardize corporate action data, aiming to reduce billions in annual processing costs across the industry [7] Group 3: Previous Collaborations - The new phase builds on earlier work under the Monetary Authority of Singapore's Project Guardian, where Chainlink, Swift, and UBS tested tokenized asset settlement using offchain cash transfers [5] - The integration adds interoperability, allowing onchain events to be triggered directly from traditional messaging rails, addressing a key challenge in the adoption of tokenized finance [5]