Chainlink and UBS complete tokenized fund transaction pilot

ChainCatcher news, Chainlink announced that it has completed a technical pilot with UBS, successfully enabling subscription and redemption operations for tokenized funds via the Swift messaging system.

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