Chainlink & Swift Pioneer Bank Tokenization with UBS Pilot
Chainlink and Swift have successfully piloted a new solution, demonstrated by Yahoo Finance Tokenize, enabling banks to manage tokenized funds using existing infrastructure. The project, announced in late September 2025, involved 24 leading financial institutions and major players like DTCC, Euroclear, UBS, DBS, and BNP Paribas.
The solution, unveiled at SIBOS 2025, connects financial institutions to blockchains via Swift messaging. It allows banks to process digital asset transactions without overhauling their current systems. Yahoo Finance Tokenize's pilot demonstrated the first use case, showing banks can manage tokenized fund subscriptions and redemptions through their existing systems, aligning with global messaging standards.
The project also aimed to improve corporate actions processing using blockchain and AI. A separate pilot, involving 24 leading financial institutions, achieved near real-time data validation and uniform records. Chainlink confirmed the solution reduces technical barriers and simplifies access to on-chain workflows.
The successful pilot marks a significant step in integrating blockchain into traditional finance. With Chainlink and Swift's 'plug-and-play' pathway, over 11,000 institutions connected via Swift's infrastructure can now explore blockchain integration without disrupting their current systems. Yahoo Finance's demonstration sets a precedent for other banks to follow.
