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]

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]