Chainlink And UBS Tap Swift Network For Tokenized Funds Settlement Pilot

Quick Summary:

Recently, in a pilot program, Swift, along with UBS Asset Management and Chainlink , showed a new way to settle tokenized fund transactions, aiming for greater market efficiency and liquidity.

Chainlink’s platform helped the different parties coordinate and automate basic stipulations of the transactions, such as the issuance and burning of tokens of the funds.

Although its fundamental analysis has been going great, Chainlink price has failed to hold its position, with a slight uptick of 1% in the last 24 hours, trading at $10.65.

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Article Details

Author / Journalist: Teuta Franjkovic

Category: Crypto

Markets: IndiaCroatiaSingapore

Topics: Tokenization Chainlink (LINK) SWIFT 24/7 Cryptocurrency News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-05 @ 14:32:36 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 510 words

Reading Time: 3 minutes read

Sentences: 36 lines

Sentence Length: 15 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 23432230

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About CoinGape

Main Topics: Crypto

Official Website: coingape.com

Update Frequency: 36 posts per day

Year Established: 2017

Headquarters: India

News Last Updated: 9 hours ago

Coverage Areas: India

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Publisher ID: #59

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