Chainlink has unveiled a new technical framework allowing financial institutions to manage digital asset workflows using Swift’s global messaging system, eliminating the need for infrastructure upgrades or overhauls to legacy processes. Key Takeaways: Chainlink and Swift have enabled banks to trigger blockchain transactions using ISO 20022 messages without changing existing systems. UBS successfully piloted the integration, showing tokenized fund operations can be managed entirely through Swift messagi ...

Chainlink said it developed a technical process allowing banks to interact with tokenized investment funds through Swift, the interbank messaging system that underpins much of traditional finance. In a pilot with UBS, Chainlink’s Runtime Environment (CRE) processed subscriptions and redemptions for a tokenized fund using ISO 20022 messages, the international standard for financial messaging used by Swift. The blockchain workflows were triggered directly from UBS’s existing systems after CRE received the ...