Chainlink (LINK) reaches out to banks and regulators to test potential solutions for cross-chain communication and settlements using the Swift system.

A pilot including the use of the Swift network to settle tokenised fund subscriptions and redemptions has been successfully concluded by Chainlink, UBS Asset Management, and Swift. This effort would allow digital asset transactions to be settled with fiat payment systems at a staggering 11,

UBS Asset Management, Swift and Chainlink have completed a pilot project allowing the settlement of tokenized fund subscriptions.

The global mutual fund market is worth $63t. Swift, UBS Asset Management, and Chainlink have completed a pilot for settling tokenised fund subscriptions and redemptions over Swift’s network, which connects more than 11,