CoinPaprika
Sep 30, 2025
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Chainlink and Swift Launch UBS Tokenized Fund Pilot

UBS Connects to Blockchain via Swift

  • Chainlink and Swift have initiated a live pilot with UBS, integrating tokenized fund workflows into traditional banking systems.
  • The system allows UBS to manage blockchain-based fund activities using standard Swift messages, eliminating the need for infrastructure changes.
  • This project leverages Chainlink's Runtime Environment (CRE) and Digital Transfer Agent (DTA) standards.

Integration with Project Guardian

  • The pilot builds on UBS's involvement in Singapore's Project Guardian, focusing on regulated finance tokenization.
  • The solution demonstrates interaction between tokenized assets and legacy systems through smart contracts and Swift’s ISO 20022 messaging.
  • UBS Tokenize leads this initiative within the bank.

Smart Contracts and Traditional Messaging

  • The system enables onchain fund actions through Swift messages without needing new identity or key management tools.
  • Chainlink describes it as a “plug-and-play” model aimed at facilitating entry into tokenized markets with minimal disruption.
  • This approach targets the $100 trillion global fund industry.

Swift's Broader Blockchain Strategy

  • Swift is also testing a cross-border payment system with Consensys and [Ethereum](https://holder.io/coins/eth/) Layer 2 Linea.
  • This includes over 30 global banks, showcasing Swift's strategy to integrate blockchain with existing infrastructures.
  • Overall efforts indicate a shift toward interoperability rather than replacing current systems.