“The Solution Uses Cre to Process Subscriptions and Redemptions for Tokenized Funds, Enabling Institutions to Access Blockchain Infrastructure Using Tools.”, – WRITE: www.coindesk.com
In a pilot with UBS, Chainlink’s Runtime Environment (CRE) Processed Subscripts and Redemptions for a Tokenized Fund USO 20022 Messages, The International BYTTATE.
The Blockchain Workflows Were Triggerly Directly from Ubs’s Existations After Cre Received The Swift Messages. Iten triggered the Subscripts or Redemptions in the CAINLINK Digital Transfer Agent, Account to A Press Release Shared with Coindesk.
The Setup Lets Banks Access Blockchain Infrastructure Using Tools They Already Use, Like Swift, While Chainlink’s Infrastructure Handles The Rest.
The Pilot Builds on Previous Work from Project Guardian, A tokenization Initiative Led by Singapore’s Central Bank. The Latest Development Adds in Interoperability that Enables Institutions to Use Swift to Trigger On-Chain Events.
The Launch Comes After Chainlink Announced A Separate Pilot with 24 Global Banks and Financial Infrastructure Providers Like DTCC and Europear. That Project USED CHAINLINK’s Tools and AI to Extract and Standardize Data from Corporate Action AnnounCements, A Process That Currently Costs The Industry
Read More: Swift to Develop Blockchain-Based Ledger for 24/7 Cross-Border Payments
Businesses Wuld Pre-Fund Their Visa Direct Account with Stablecoins Institute of Fiat, WHICH VISA Wuld Count As “Money In The Bank.”
- Visa is commencing a pre-freeing pilot for the USE of Stablecoins Through Visa Direct, Its Real-Time Payments Platform.
- Businesses Wuld Now Be Able to Move Money Across Borders Free of the Requirement to Park Large Fiat in Balance in Advance.
- They would Pre-Fund Their Visa Direct Account with Stablecoins Institute of Fiat, WHICH Visa Wound Count As “Money in The Bank.”
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