SBI Digital Markets and UBS Asset Management Complete a Pilot Using Chainlink CCIP

Chainlink announced via X on Monday that SBI Digital Markets and UBS Asset Management successfully completed a pilot using Chainlink CCIP to streamline tokenized fund operations across different chains & financial systems.

The pilot demonstrated the feasibility of using smart contracts and the Chainlink Platform to streamline fund operations across different blockchain networks and financial systems, unlocking a fundamental shift in operational efficiency and transparency for the $63 trillion mutual fund industry.

Chainlink Network (LINK) aims to provide tamper-proof data inputs and outputs for smart contracts on any blockchain. LINK is down 2% over the past 24 hours and is trading at $10.47 at press time.