Chainlink Partners with UBS for Tokenized Fund Pilot

On September 30th, as reported by Coindesk, Chainlink recently announced the development of an innovative technical solution. This solution enables banks to interact with tokenized investment funds through the SWIFT network. The breakthrough, which is 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. Then, the Chainlink digital transfer agent executes the on-chain subscription or redemption instructions. This solution allows financial institutions to continue using existing tools like SWIFT to access blockchain infrastructure. Meanwhile, 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." The new breakthrough achieves interoperability, enabling institutions to trigger on-chain events directly through SWIFT messages.