**News Flash: Swift, UBS, and Chainlink Complete Tokenized Fund Settlement Pilot**

In a groundbreaking move, Swift, UBS Asset Management, and Chainlink have successfully completed a pilot for tokenized fund settlement under Singapore's MAS Project Guardian. This initiative integrates Swift's vast financial messaging network with blockchain technology, enabling real-time fund transactions without relying solely on blockchain payments.

The pilot aims to streamline traditional fund processes, reducing operational costs and enhancing liquidity. UBS also launched a tokenized fund on Ethereum, responding to rising investor interest. Despite promising results, scaling remains a challenge, as noted by MAS deputy managing director Leong Sing Chiong.