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    Chainlink Partners with SWIFT to Enable Onchain Fund Transaction Processing

    Ethan CarterBy No Comments2 Mins Read
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    Blockchain oracle provider Chainlink has unveiled one of the initial products stemming from a collaboration with UBS Asset Management and Swift, the global financial messaging network. This initiative aims to enable banks to initiate on-chain transactions using their current infrastructure.

    In a Tuesday announcement, Chainlink integrated its execution layer, the Chainlink Runtime Environment (CRE), with Swift messaging. This integration allows banks globally to utilize existing SWIFT infrastructure to connect to blockchains.

    This collaboration builds on Project Guardian, a pilot launched in 2024 by Chainlink, the Monetary Authority of Singapore (MAS), and UBS Tokenize, UBS Asset Management’s in-house tokenization unit. The pilot demonstrated how tokenized fund workflows could align with current fiat payment systems.

    During the pilot, the companies utilized Swift’s ISO 20022 messages to execute fund subscriptions and redemptions on-chain. In traditional finance, these processes involve a series of custodians, transfer agents, fund administrators, and other intermediaries, each contributing to delays and additional reconciliation steps.

    “This interoperability unlock enables last-mile connectivity options already familiar and used by financial institutions and service providers today,” stated Chainlink.

    A report from McKinsey indicated that assets under management reached $147 trillion in June 2025.

    SWIFT, Chainlink
    Swift–Chainlink–UBS workflow for tokenized fund transactions. Source: Chainlink

    Founded in the 1970s, Swift is a Belgium-based cooperative owned by its member banks and is recognized for operating the global messaging network that facilitates cross-border payments.

    Related: Tokenized TradFi assets will ‘redefine’ the crypto industry: Chainlink co-founder 

    SWIFT’s evolution in blockchain

    Swift has been collaborating with Chainlink since 2023, when both entities conducted tests that illustrated how Swift’s infrastructure could offer banks a single access point to various blockchains.

    In September 2024, Swift partnered with the Bank for International Settlements and 41 private financial firms in Project Agorá, an initiative investigating how tokenized commercial bank deposits could function alongside wholesale central bank digital currencies (CBDCs) on a shared platform.