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UBS has successfully piloted its blockchain-based payment system, UBS Digital Cash, aimed at enhancing the efficiency and security of cross-border transactions for corporate clients. Utilizing a private blockchain, the system enables near-instant processing of payments through self-executing smart contracts, facilitating real-time transactions in multiple currencies. The initiative is part of UBS's broader digital cash strategy, which includes collaborations on central bank digital currencies and tokenized assets.
UBS and Swift have showcased the automated settlement of tokenized fund shares, enhancing efficiency in the fund industry. Collaborating with Chainlink, they demonstrated how Swift's payment network can facilitate off-chain transactions for tokenized assets, addressing delays in manual processing. This initiative is part of Singapore's Project Guardian, aiming to integrate digital assets with existing payment systems.
Swift, UBS Asset Management, and Chainlink have successfully completed a pilot program to settle tokenised fund transactions, integrating digital assets with traditional fiat payment systems. This initiative aims to streamline fund subscriptions and redemptions, addressing inefficiencies in the USD 63 trillion mutual fund market. By leveraging Swift's infrastructure, the project enhances secure and scalable transactions across various digital asset classes, paving the way for broader adoption of digital assets in the financial ecosystem.
SBI Digital Markets and UBS Asset Management have successfully completed a pilot using Chainlink's Cross-Chain Interoperability Protocol (CCIP) to enhance tokenized fund operations across various financial systems. This initiative, part of the MAS Project Guardian, aims to promote the commercial adoption of tokenized securities and improve cross-border distribution frameworks.

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