Live Pilot Connects UBS to Blockchain via Swift Chainlink and Swift have partnered with UBS to launch a live pilot linking tokenized fund workflows to traditional banking systems. The setup lets UBS handle blockchain-based fund subscriptions and redemptions using standard Swift messages, avoiding any need to replace core infrastructure. The project uses Chainlink’s Runtime Environment (CRE) and Digital Transfer Agent (DTA) standards. Built on Project Guardian’s Tokenization Work This pilot extends UBS’s work under Singapore’s Project Guardian, which explores tokenization in regulated finance. The solution shows how tokenized assets can interact with legacy systems using smart contracts and Swift’s ISO 20022 messaging. UBS Tokenize, the bank’s internal unit, continues to lead in this space. Smart Contracts Triggered by Traditional Messages The system activates onchain fund actions through Swift messages without needing new identity or key management tools. Chainlink calls it a “plug-and-play” model that could help more financial institutions enter tokenized markets with minimal disruption. The design targets the $100 trillion global fund industry. Swift’s Blockchain Strategy Expands Beyond Chainlink In parallel, Swift is also testing a cross-border payment system with Consensys and Ethereum Layer 2 Linea. That pilot includes over 30 global banks and shows Swift’s broader move to link blockchain with existing infrastructure rather than replace it. Together, these efforts highlight a shift toward interoperability over disruption.
