UBS Asset Management, SWIFT, and Chainlink have successfully completed a pilot project for settling tokenized fund subscriptions and redemptions, integrating digital asset transactions with traditional fiat systems. This initiative, part of Singapore's MAS Project Guardian, aims to address inefficiencies in fund processing, enhancing liquidity and reducing operational costs. Chainlink's technology facilitated the automatic minting and burning of fund tokens, signaling a potential shift in how financial institutions manage digital asset transactions.