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

Twitter icon  •  Published 1 year ago on November 5, 2024  •  Hassan Maishera

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

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.

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Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.

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