Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
Home»ALTCOIN NEWS»Chainlink, SWIFT and UBS announce successful pilot for settlement of tokenized asset transactions on the Swift Network
ALTCOIN NEWS

Chainlink, SWIFT and UBS announce successful pilot for settlement of tokenized asset transactions on the Swift Network

By Crypto FlexsNovember 5, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Chainlink, SWIFT and UBS announce successful pilot for settlement of tokenized asset transactions on the Swift Network
Share
Facebook Twitter LinkedIn Pinterest Email

SWIFT, UBS Asset Management, and blockchain oracle provider Chainlink (LINK) have joined forces to successfully complete a pilot to settle tokenized transactions on the Swift network.

According to Swift’s new announcement, this initiative will allow digital asset transactions to be settled off-chain through fiat payment systems around the world.

The goal of the pilot was to address challenges in traditional financial operations, including payment delays and real-time transparency. We leveraged Chainlink and Swift to settle subscriptions and redemptions for tokenized investment vehicles.

Jonathan Ehrenfeld, Head of Strategy at SWIFT, says:

“For digital assets to be adopted globally, they must integrate seamlessly with existing payment systems and digital currencies. MAS’s work with UBS Asset Management and Chainlink on Project Guardian leverages the global Swift network to connect digital assets with existing systems.

“This initiative is consistent with our strategy to leverage Swift’s existing infrastructure to provide the financial institution community with a secure and scalable way to transact across a variety of digital asset classes and currencies.”

Chainlink co-founder Sergey Nazarov said:

“Chainlink enables institutions to reuse Swift’s infrastructure to facilitate settlement for digital asset transactions. We are excited to see the adoption of these off-chain payment capabilities and how they will increase capital flows and expand the user base of digital assets.”

At a conference earlier this year, Nazarov said that allowing traditional financial institutions to interact with blockchain is the start of the industry’s path to “hundreds of trillions of dollars.”

“In fact, if even a small percentage of the 11,000 banks and institutions can start interacting with blockchain in an efficient and secure way, whether on public or private chains, the market size of the blockchain industry will grow even larger. The market size explodes from there, including RWA (real assets), tokenized funds, and stablecoins.

So it goes from just a few trillion dollars to tens of trillions of dollars and actually hundreds of trillions of dollars.”

Don’t miss a beat – subscribe to get email alerts delivered straight to your inbox

Check Price Action

follow us XFacebook, Telegram

Daily Hodl Mix Surfing

&nbsp

Disclaimer: Opinions expressed on The Daily Hodl do not constitute investment advice. Investors should do their due diligence before making high-risk investments in Bitcoin, cryptocurrencies, or digital assets. Please note that your transfers and transactions are entirely at your own risk and you will be responsible for any losses you may incur. The Daily Hodl does not recommend the purchase or sale of any cryptocurrency or digital asset, and The Daily Hodl is not investment advice. The Daily Hodl engages in affiliate marketing.

Image created by: Midjourney

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

The XRP market value surpasses Shopify, Verizon, and Citigroup. Whales sell 40m coins.

September 18, 2025

‘Fat Apps’ can lead the cryptographic story in the next few months.

September 11, 2025

Binance explodes 466m LUNC with oblivion: revival play or special effect?

September 4, 2025
Add A Comment

Comments are closed.

Recent Posts

Nebeus Overfunds Equity Crowdfunding Campaign With €3.6M Raised, Reflecting Growing Demand For Regulated Crypto–Finance Solutions

September 24, 2025

Next Binance Coin (BNB) Price Rally 3 Catalysts that can supply fuel

September 24, 2025

Ether Leeum World Fair Announcement

September 24, 2025

SOL Leverage Longs Jump Ship, is it $ 200 next?

September 24, 2025

Navigating Policy & Regulation in Blockchain

September 23, 2025

Flipster Debuts Market’s First USD1 Perps For BTC, ETH, SOL, XRP, And DOGE

September 23, 2025

BYDFi Joins Korea Blockchain Week 2025 (KBW2025): Deepening Web3 Engagement

September 23, 2025

MEXC Brings Immersive Experience With ‘0 Fee Lounge’ To Token2049

September 23, 2025

Moonbirds And Azuki IP Coming To Verse8 As AI-Native Game Platform Integrates With Story

September 23, 2025

Buying NFT is like buying a Mickey Mouse T -shirt and an IP.

September 23, 2025

ETH-Based Little Pepe Raises $26M In Presale

September 23, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Nebeus Overfunds Equity Crowdfunding Campaign With €3.6M Raised, Reflecting Growing Demand For Regulated Crypto–Finance Solutions

September 24, 2025

Next Binance Coin (BNB) Price Rally 3 Catalysts that can supply fuel

September 24, 2025

Ether Leeum World Fair Announcement

September 24, 2025
Most Popular

Hold on tight! Skybridge Chief Expects Bitcoin to Skyrocket to $170,000 in 18 Months

April 7, 2024

Casper Cryptocurrency Surge: Analysis of 90% surge in 24 hours

November 18, 2024

Following their advice could cost you big money — Study

May 17, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.