Chainlink and UBS Complete Tokenized Fund Transaction Pilot

ChainCatcher news, Chainlink announced the completion of a technical pilot with UBS, successfully implementing subscription and redemption operations for tokenized funds through the Swift messaging system.

The solution utilizes the Chainlink Runtime Environment (CRE) to process ISO 20022 standard messages, allowing financial institutions to execute fund transactions on the blockchain directly through the existing Swift system. This technological breakthrough will help the global fund industry expand blockchain application scenarios.