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Swift, UBS Asset Management, and Chainlink have successfully piloted a tokenized fund settlement program under Singapore's Project Guardian, enhancing market efficiency by integrating blockchain with existing fiat payment systems. This initiative aims to streamline fund transactions, reducing manual processes and improving liquidity in the $63 trillion mutual fund market. Despite promising results, industry-wide adoption remains a challenge, as highlighted by the Monetary Authority of Singapore.
Don Tapscott
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swift and chainlink pilot tokenized fund settlements for enhanced market efficiency
15:32 05.11.2024
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