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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.
In a significant advancement for digital finance, Chainlink, Swift, and UBS successfully piloted a tokenized fund settlement system under Singapore's Project Guardian, integrating digital assets with existing fiat payment networks. This initiative aims to streamline fund subscription and redemption processes, addressing inefficiencies in traditional finance. UBS also launched the "UBS USD Money Market Investment Fund Token" (uMINT) on the Ethereum blockchain, reflecting growing investor interest in tokenized assets.
SWIFT, UBS Asset Management, and Chainlink have successfully completed a pilot for settling tokenized asset transactions on the SWIFT network, enabling off-chain digital asset transactions with global fiat payment systems. This initiative aims to enhance real-time transparency and address delays in traditional finance operations. Chainlink's co-founder emphasized that integrating traditional financial institutions with blockchain technology could significantly expand the market size of digital assets.
Swift, UBS, and Chainlink have successfully piloted a project for fiat settlement of tokenized fund transactions, aiming to enhance efficiency in the $63 trillion global mutual fund market. This initiative connects 11,500 institutions, streamlining processes and reducing settlement delays by integrating blockchain technology with existing systems. Jonathan Ehrenfeld from Swift emphasized the need for digital assets to integrate seamlessly with current payment systems, while Chainlink's Sergey Nazarov highlighted the potential for increased capital flow and user adoption.
Swift, UBS Asset Management, and Chainlink have successfully piloted a blockchain-based solution to automate tokenized fund subscriptions and redemptions, aiming to enhance efficiency in the $63 trillion global mutual fund market. This initiative, part of Singapore's MAS Project Guardian, integrates digital assets with traditional fiat systems, addressing long-standing inefficiencies in fund operations. The collaboration showcases how financial institutions can leverage blockchain technology for seamless transactions and improved liquidity.
Swift, UBS Asset Management, and Chainlink have completed a pilot to settle tokenized fund subscriptions and redemptions using the Swift network, enhancing efficiency in traditional fund operations. This initiative allows digital asset transactions to integrate with fiat payment systems across over 11,500 financial institutions globally. By leveraging blockchain technology, the pilot aims to automate the fund lifecycle, supporting the broader adoption of digital assets while aligning with MAS’ Project Guardian for improved market liquidity.
Jonathan Ehrenfeld
People
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
ubs and swift showcase automated settlement of tokenized fund shares
United States Dollar
Grayscale Chainlink Trust
SBI Digital Markets
Swift & Co.
UBS AG
Franklin Templeton Aggressive Model Portfolio FUND
BlackRock, Inc.
SGP
Jimin Kim
Sergey Nazarov
Jonathan Ehrenfeld
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