Swift, UBS, Chainlink Successfully Test Blockchain in $63T Fund Market

• Swift, UBS Asset Management, and Chainlink launched a partnership to automate fund operations.
• Leveraging Swift’s vast global network, the initiative enables digital asset transactions to connect seamlessly with traditional fiat payment systems.
• The pilot is part of Singapore’s MAS effort to become a regulated digital finance innovation leader.

Chainlink’s Partnership With Swift And UBS

Swift, UBS Asset Management, and Chainlink aim to change the fund operations environment by successfully piloting a blockchain-based solution for tokenized fund settlements.

This initiative leverages the Swift network to integrate digital assets with traditional fiat payment systems seamlessly.

The pilot addresses long-standing inefficiencies by automating subscription and redemption processes, unlocking new opportunities in the $63 trillion global mutual fund market.

Jonathan Ehrenfeld, Head of Strategy, Swift, said, “Our work with UBS Asset Management and Chainlink in MAS’ Project Guardian leverages the global Swift network to bridge digital assets with established systems.”

The pilot demonstrated how financial institutions can use blockchain, Chainlink, and Swift to automate and settle tokenized fund subscriptions and redemptions. It may also help enable straight-through payment processing without requiring full on-chain adoption.

How it Works

The pilot builds on previous collaborations with UBS Asset Management and SBI Digital Markets to develop a digital subscription and redemption system for tokenized funds.

The pilot is part of MAS’ Project Guardian, a global initiative uniting policymakers and industry leaders to boost liquidity and efficiency through asset tokenization.

It also leverages Swift’s existing infrastructure for seamless, end-to-end payment orchestration in fund subscriptions and redemptions.

Swift had already demonstrated its infrastructure’s secure, scalable connectivity across blockchains. With Chainlink’s platform, the pilot enables automatic minting and burning of UBS fund tokens by coordinating interactions between all required actors.

What’s MAS’ Project Guardian

The Monetary Authority of Singapore launched MAS’ Project Guardian. Project Guardian explores using blockchain and DeFi technologies to enhance financial market efficiency and liquidity through asset tokenization.

This initiative partners with global regulators, financial institutions, and tech firms to address compliance, security, and interoperability in digital assets.

Through pilots with industry leaders like UBS and JPMorgan, Project Guardian tests blockchain applications such as asset tokenization and on-chain settlement to resolve key market inefficiencies.

With this project, the Monetary Authority of Singapore aims to position the Asian financial hub as a regulated digital finance innovation leader.

About the Author

Giuseppe Ciccomascolo

Giuseppe Ciccomascolo began his career as an investigative journalist in Italy, where he contributed to both local and national newspapers, focusing on various financial sectors. Upon relocating to London, he worked as an analyst for Fitch's CapitalStructure and later as a Senior Reporter for Alliance News. In 2017, Giuseppe transitioned to covering cryptocurrency-related news, producing documentaries and articles on Bitcoin and other emerging digital currencies. He also played a pivotal role in establishing the academy for a cryptocurrency exchange website. Crypto remained his primary area of interest throughout his tenure as a writer for ThirdFloor.

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