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Chainlink, UBS Pilot SWIFT‑Triggered Tokenized Fund Subscriptions and Redemptions

The pilot offers a bridge from interbank ISO 20022 messaging to on‑chain automation without requiring system replacements.

Overview

  • In a technical pilot with UBS Tokenize, Chainlink’s CRE ingested SWIFT ISO 20022 messages and triggered on‑chain subscription and redemption workflows via its Digital Transfer Agent.
  • The setup let UBS send instructions from existing systems, preserving legacy processes without new identity or key‑management tooling.
  • The approach uses standardized ISO 20022 messaging to activate smart‑contract events, providing a path to automate tokenized fund administration.
  • The demonstration builds on the Monetary Authority of Singapore’s Project Guardian collaborations that explored tokenized assets with UBS and SWIFT.
  • Chainlink is also running a separate pilot with 24 banks and market utilities, including DTCC and Euroclear, to standardize corporate‑action data using its tools and AI.