Chainlink integrates with Swift to let funds process transactions onchain
The integration marks one of the first products to emerge from Swift’s blockchain pilot, demonstrating how existing banking messages execute fund transactions onchain.
Blockchain oracle provider Chainlink announced one of the first products from a pilot with UBS Asset Management and Swift, the global financial messaging network, designed to let banks trigger onchain transactions using their existing infrastructure.
According to a Tuesday announcement, Chainlink integrated its execution layer, the Chainlink Runtime Environment (CRE), with Swift messaging. The move enables banks worldwide to use existing SWIFT rails to connect to blockchains.
The integration builds on Project Guardian, a 2024 pilot by Chainlink, the Monetary Authority of Singapore (MAS) and UBS Tokenize, the in-house tokenization unit of UBS Asset Management. The pilot showed how tokenized fund workflows could integrate with existing fiat payment systems.