ChainLink presented a new system allowing banks and financial institutions to carry out operations on digital assets directly from their existing infrastructure. This solution connects traditional Swift messaging to the ChainLink execution environment (CRE), thus offering companies the possibility of interacting with blockchain networks without modifying their internal workflows.
In short
- ChainLink has unveiled a new frame to run tokenized asset transactions directly on the blockchain via Swift messaging.
- Based on previous initiatives, such as Project Guardian, this framework shows that tokenized workflows can be performed effectively, secure and transparent.
Fluid tokenized asset transactions thanks to ChainLink
ChainLink, a supplier of Oracles Blockchain, said that the system had been tested as part of a pilot led with UBS Tokenise, the internal platform of the bank dedicated to tokenized assets.
According to the report, “The subscriptions and redemptions of a tokenized UBS fund was launched via ISO 20022 messages, transmitted by the CRE and SWIFT infrastructure. CRE received the SWIFT messages, which then sparked the subscription and buy -back workflows according to the Technical Standard ChainLink Digital Transfer Agent (DTA). »»
This pilot is based on the previous work of Chainlink carried out as part of Project Guardian in Singapore in 2024, devoted to operations on tokenized assets. The test carried out with UBS shows that the subscriptions and redemptions of token funds can be managed on-chain, while cash regulations are made off-chain via Swift. This approach allows institutions to take advantage of the advantages of blockchain without modifying their payment processes within traditional banking networks.
Blockchain solutions for a fund industry at $ 100,000 billion
ChainLink presents this system as a “Plug-and-Play” solutionthought to play a key role in the world of funds, estimated at more than $ 100,000 billion. As the report specifies: “Institutions can take advantage of the speed, efficiency, composability and advantages of risk management that Blockchain technology offers, profits fully made only when the workflows of tokenized funds are fully executed in chain. »»
This collaboration is part of the current partnership between Chainlink and SWIFT, initiated in 2023 in order to explore new solutions allowing institutions to access several blockchain networks via a unified gateway.
Chainlink and Swift modernize corporate events thanks to the blockchain
Beyond the tokenized funds, Chainlink collaborates with 24 financial institutions to modernize the management of corporate events. The company conducted a test with Swift, DTCC, Euroclear and six other institutions, exploiting blockchain technology and artificial intelligence to collect and verify the data relating to corporate events in several languages, thus improving the accuracy and efficiency of treatment.
SWIFT also took part in other blockchain initiatives, including Project Agorá in 2024, which examined how tokenized commercial bank deposits could coexist with digital central banking currencies (CBDC) intended for interbank transactions. This work underlines Swift's expertise in the integration of Blockchain technology into financial systems while maintaining regulatory compliance.
In parallel, Swift is currently developing a blockchain -based register for cross -border payments, in partnership with Consensys and with the participation of large banks. The project aims to advance a chain financial infrastructure, capable of interacting fluidly between systems while remaining in accordance with regulatory and compliance requirements.
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