Swift, UBS, and Chainlink Test Tokenized Fund Settlement

Under the Monetary Authority of Singapore’s Project Guardian, Swift, UBS Asset Management, and #Chainlink have successfully piloted a tokenized fund settlement.

This initiative combines Swift’s global financial messaging network with tokenized fund operations, enhancing digital finance without relying solely on blockchain payment methods. It aligns with Chainlink co-founder Sergey Nazarov's insights on blockchain integration shared at the recent Sibos conference.

Tokenized finance digitizes traditional financial instruments into digital tokens, promoting efficiency, transparency, and accessibility. The collaboration between Swift and Chainlink streamlines fund settlements, leveraging Swift's secure infrastructure and Chainlink's decentralized oracle network for real-time data interaction.

As the token economy expands, this partnership is set to revolutionize fund settlements, paving the way for a more efficient and accessible financial future. Exciting times ahead! #Blockchain #Innovation $LINK

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