Chainlink said it developed a technical process allowing banks to interact with tokenized investment funds through Swift, the interbank messaging system that underpins much of traditional finance.

In a pilot with UBS, Chainlink’s Runtime Environment (CRE) processed subscriptions and redemptions for a tokenized fund using ISO 20022 messages, the international standard for financial messaging used by Swift.

The blockchain workflows were triggered directly from UBS’s existing systems after CRE received the Swift messages. It then triggered the subscriptions or redemptions in the Chainlink Digital Transfer Agent, according to a press release shared with CoinDesk.

The setup lets banks access blockchain infrastructure using tools they already use, like Swift, while Chainlink’s infrastructure

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