Swift, UBS, and Chainlink have launched a pilot project for the tokenization of funds, integrating blockchain into traditional finance to enhance efficiency and transparency. This initiative, part of Singapore's Guardian project, aims to streamline fund management and reduce operational costs through a hybrid payment system that allows both on-chain and off-chain transactions. UBS has introduced the "uMINT" tokenized fund on Ethereum, responding to institutional demand for innovative financial products that leverage blockchain technology.
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