Wu said that Swift, UBS, and Chainlink have announced the completion of a pilot program for the subscription and redemption of tokenized funds using the Swift network. This initiative will enable digital asset transactions to be settled through the fiat payment systems of over 11,500 financial institutions across more than 200 countries and regions. The pilot demonstrates the use of blockchain technology for payment processing without the need for the global adoption of on-chain payment methods.

Wu learned that Swift, UBS, and Chainlink announced the completion of a pilot program for settling tokenized fund subscriptions and redemptions using the Swift network. This initiative will allow digital asset transactions to be settled through the fiat payment systems of over 11,500 financial institutions across more than 200 countries and regions. The pilot demonstrates the use of blockchain technology for payment processing without the need for on-chain payment methods to be adopted globally.

Swift, UBS, and Chainlink have completed a pilot for settling tokenized fund subscriptions and redemptions using the Swift network.