Chainlink and UBS Pioneer $100T Tokenized Fund Industry Using Swift Integration

Chainlink has developed a groundbreaking technical solution enabling banks to interact with tokenized investment funds through Swift, the global interbank messaging network that forms the backbone of traditional finance. In a landmark pilot program with banking giant UBS, Chainlink's Runtime Environment (CRE) successfully processed fund subscriptions and redemptions for tokenized funds using ISO 20022 messages - the international financial messaging standard utilized by Swift. The blockchain workflows were automatically triggered directly from UBS's existing systems upon receiving Swift messages, with CRE then executing the transactions through Chainlink's Digital Transfer Agent. This innovative setup allows financial institutions to access blockchain infrastructure using their familiar Swift tools while Chainlink's technology manages the blockchain operations. The initiative builds upon previous work from Project Guardian, Singapore's central bank-led tokenization program, and introduces new interoperability capabilities that enable institutions to use Swift for triggering on-chain events. This development follows Chainlink's recent announcement of another major pilot involving 24 global banks and financial infrastructure providers including DTCC and Euroclear, which leverages Chainlink's tools and AI technology to extract and standardize corporate action announcement data - a process currently costing the industry approximately $58 billion annually.