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SBI Digital Markets, UBS Asset Management, and Chainlink have successfully completed a pilot for an automated tokenized fund solution, utilizing smart contracts to enhance fund management. This innovation aims to streamline operations in the $132 trillion asset management market, addressing the current lack of automation among fund service providers. The solution, part of the Monetary Authority of Singapore’s ‘Project Guardian,’ is set to transition from testnets to mainnet soon.
SBI Digital Markets, UBS Asset Management, and Chainlink have successfully completed a pilot for automated fund administration using smart contracts, showcasing the potential of tokenized funds to enhance efficiency in the $132 trillion asset management industry. This initiative, part of Singapore's Project Guardian, demonstrates how existing fund processes can be adapted for blockchain technology, enabling real-time transparency and reduced operational costs. The solution is currently live on multiple blockchain testnets, with plans for mainnet deployment.
SBI Digital Markets and UBS have launched tokenized money market funds under Singapore's Project Guardian, a blockchain initiative by the Monetary Authority of Singapore. The UBS USD Money Market Investment Fund Token is issued on a public blockchain but is accessible only to accredited investors through authorized partners like DigiFT. Meanwhile, the city of Lugano in Switzerland has issued a CHF 120 million digital bond, continuing its strategy of optimizing debt management through digital finance, although these bonds remain limited to commercial banks.

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