Chainlink integrates Swift messaging to streamline tokenized fund workflows with UBS

Chainlink and Swift have expanded their collaboration with a new system allowing financial institutions to manage tokenized fund processes directly through their existing systems using Swift messaging and the Chainlink Runtime Environment. 

“This shows how institutions can access blockchains without needing to upgrade to new infrastructure, replace their existing processes, or integrate new identity and key management solutions,” Chainlink said in a statement. The first use case involved a technical and operational pilot with UBS Tokenize, the in-house tokenization unit of UBS, extending prior work with the Monetary Authority of Singapore’s Project Guardian initiative.

The solution utilizes Chainlink’s CRE, alongside the Swift financial messaging network, to trigger subscription and redemption workflows for tokenized funds, without requiring institutions to replace their legacy systems or build new identity and key management layers. CRE receives ISO 20022-compliant Swift messages, which in turn activate smart contract events in the Chainlink Digital Transfer Agent (DTA) technical standard, the project explained.

“I’m very excited about this landmark innovation we’ve achieved by leveraging Swift’s standards and UBS’ tokenized asset design, as we are showing how the use of smart contracts and new technical standards can enable transfer agents and other entities to manage tokenized asset workflows onchain,” Chainlink co-founder Sergey Nazarov said. “UBS is demonstrating how the use of smart contract-based technologies can be used by financial institutions to more readily explore new types of product lifecycle composability.”

Chainlink — a decentralized oracle network that connects blockchains with real-world data, APIs, and payment systems — is positioning the integration as a “plug-and-play” unlock for the $100 trillion-plus global fund industry. Swift, whose financial messaging services are used by more than 11,000 institutions across more than 200 countries, provides the infrastructure backbone already trusted for trillions of dollars in cross-border payments.

Chainlink’s AI pilot and Swift’s cross-border blockchain plans

The news closely follows Chainlink’s announcement on Monday that it had completed the second phase of a blockchain and AI-driven pilot for corporate actions processing — a costly pain point across the global financial industry — also using CRE and Swift messaging. That initiative coordinated multiple large language models — including OpenAI’s GPT, Google’s Gemini, and Anthropic’s Claude — to generate structured, ISO 20022-compliant records transmitted through Swift’s network. The effort was backed by major players, including DTCC, Euroclear, and banks such as UBS, DBS, and BNP Paribas.

The announcements reflect a coordinated rollout highlighting multiple applications of the same core infrastructure, underscoring how Chainlink and Swift aim to make blockchain-based workflows accessible to traditional institutions at scale.

Meanwhile, Swift is also pursuing its own blockchain-based shared ledger for cross-border payments in collaboration with Consensys, the software development firm behind MetaMask and Ethereum Layer 2 Linea. More than 30 global banks, including Bank of America, HSBC, and BNP Paribas, are involved in testing. Swift describes the project as a step toward interoperable, onchain financial infrastructure while maintaining regulatory and compliance standards.

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