Chainlink Partners with UBS for Tokenized Fund Pilot

BlockBeats News, September 30th, according to Coindesk, Chainlink recently announced the development of an innovative technical solution that allows banks to interact with tokenized investment funds through the SWIFT network. This breakthrough, based on the SWIFT Interbank Message System (the core infrastructure of the traditional financial system), was validated in a pilot at UBS Group.

In UBS's testing environment, the Chainlink Runtime Environment (CRE) successfully processed ISO 20022 standard messages (the international financial communication standard used by SWIFT), enabling the execution of subscription and redemption operations for tokenized funds. According to the technical process disclosed by Chainlink to CoinDesk, when the CRE receives a SWIFT message, the blockchain workflow is directly triggered by UBS's existing system, and then the Chainlink digital transfer agent executes the on-chain subscription or redemption instructions.

This solution enables financial institutions to continue using existing tools like SWIFT to access blockchain infrastructure, while Chainlink's technology stack is responsible for handling subsequent on-chain operations. This pilot is based on the early results of the Monetary Authority of Singapore-led "Guardian Program," and the new breakthrough achieves interoperability where institutions can trigger on-chain events directly through SWIFT messages.