MAS’ Project Guardian: Swift, UBS, and Chainlink Achieve Tokenized Fund Settlement Pilot

  • The Monetary Authority of Singapore’s Project Guardian has completed a successful pilot for tokenized fund settlements, integrating blockchain assets with traditional Swift infrastructure.
  • In collaboration with UBS Asset Management and Chainlink, the pilot facilitated cross-border transactions for tokenized fund subscriptions and redemptions.
  • This seamless process could reduce delays and manual work in fund operations.
  • UBS Asset Management and SBI Digital Markets, also part of Project Guardian, are now working to establish frameworks for tokenized securities across regulated exchanges, supporting the future of blockchain in global finance
Laura M
Laura M
Laura is a financial reporter, editor, and researcher with a particular interest in fintech innovation, capital markets, and the evolving global banking landscape.

You May Also Like

Brink’s Strengthens Position with $6.6B NCR Acquisition

Brink's expands its services through strategic acquisition of NCR's Atleos. Highlights: Brink's acquires NCR Atleos for $6.6 billion.The deal...

Barclays Strengthens Blockchain Payments Platform Discussions

Bank explores blockchain vendors for enhanced payment solutions. Highlights: Barclays explores blockchain technology for payments.Bank engages with various vendors...

Lloyds Tightens Bank Account Opening Process in Branches

The bank limits account openings amidst ongoing service updates. Highlights: Lloyds will restrict opening some bank accounts in branches.The...

Jack Dorsey’s Block to Lay Off 4,000 Employees as AI Era Advances

Significant workforce reduction reflects shifts in technology focus. Highlights: Block announces 4,000 layoffs amid evolving AI landscape.The decision comes...