SBI Digital Markets and UBS Asset Management have completed a successful pilot project using Chainlink's Cross-Chain Interoperability Protocol (CCIP) to enhance the operations of tokenized funds across different financial systems.

This project is part of the Monetary Authority of Singapore's Project Guardian, which aims to promote the adoption of tokenized securities in the commercial sector.

The pilot demonstrated the effectiveness of a digital transfer agent smart contract developed by SBI Digital Markets, enabling smooth cross-chain communication with the tokenized fund contract.

This advancement is expected to improve cross-border distribution frameworks, positioning both companies as leaders in financial sector innovation.