Chainlink’s Work With Swift, Euroclear, and Major Banking and Capital Markets Institutions

The Chainlink standard enables financial institutions to develop customized, compliant, and future-proof blockchain applications and tokenized assets. Already, Chainlink has enabled over $20 trillion in value and is enabling the world’s largest infrastructures and institutions to move onchain. 

In this repository, you’ll find Chainlink’s major banking and capital markets announcements with some of the world’s largest financial market infrastructures and institutions.

Quick Links 

  1. Financial Market Infrastructures
  2. Monetary Authorities and Central Banks
  3. Asset Managers
  4. Institutional Banks

FINANCIAL MARKET INFRASTRUCTURES

Swift and Chainlink Enabling Banks To Connect To Blockchains Using Existing Swift Standards and Chainlink Infrastructure

At Sibos 2024, Chainlink Co-Founder Sergey Nazarov showcased significant new capabilities to accelerate blockchain adoption in capital markets, including the integration of Swift with blockchains. This integration enables banks to seamlessly connect to blockchains using existing Swift standards and Chainlink infrastructure, streamlining interoperability and enhancing efficiency in financial transactions.

Overview of how banks can seamlessly connect to blockchains using existing Swift standards and Chainlink infrastructure.

Link to full Sibos 2024 presentation (slides).

Swift and Chainlink Demonstrated a Secure and Scalable Way To Transfer Tokenized Assets Cross-Chain Using CCIP

Swift—the international bank messaging standard for 11,500+ banks—is working with Chainlink to enable financial institutions to connect to any existing public/private chain using Chainlink and their existing Swift infrastructure and messaging standards. Chainlink CCIP was used to enable the cross-chain settlement of tokenized assets across public and private blockchains. The successful collaboration featured 12+ world-leading financial institutions, including Euroclear, Clearstream, ANZ, Citi, BNY Mellon, BNP Paribas, Lloyds Banking Group, and SDX. 

“With the increasing number of blockchains, the task of connecting our traditional technical platforms and ensuring interoperability between blockchains presents a growing challenge that we must overcome. In this regard, the experiment demonstrated the potential to leverage the extensive connectivity already established with Swift.”—Alain Pochet, Head of Client Delivery, Securities Services at BNP Paribas

How Chainlink enables institutions to connect to any public/private blockchains using existing Swift infrastructure and messaging standards.

Link to the full report and panel discussion between Swift and Chainlink.

Swift, UBS Asset Management, and Chainlink: Successfully Bridge Tokenized Assets with Existing Payment Systems

As part of the Monetary Authority of Singapore (MAS) Project Guardian, Swift, UBS Asset Management, and Chainlink demonstrated the issuance and settlement of tokenized funds using traditional Swift fiat payment rails. As a result, digital asset transactions can be settled using the existing Swift fiat payment systems already used by 11,500+ financial institutions, across 200+ countries and territories. 

“For digital assets to be adopted globally, they must seamlessly integrate with both existing payment systems and digital currencies. Our work with UBS Asset Management and Chainlink in MAS’ Project Guardian leverages the global Swift network to bridge digital assets with established systems. This initiative aligns with our strategy to provide our community of financial institutions with a secure and scalable way to transact across multiple digital asset classes and currencies, leveraging Swift’s existing infrastructure.”—Jonathan Ehrenfeld, Head of Strategy, Swift

How Swift, UBS, and Chainlink are bringing existing payment systems to the digital assets economy.

Link to the announcement.

Euroclear, Swift, & 8 Major Financial Institutions: Transforming Asset Servicing With AI, Oracles, and Blockchains

Chainlink, together with leading market infrastructures, Euroclear and Swift, and some of the world’s largest financial institutions, including UBS, Franklin Templeton, Wellington Management, CACEIS, Vontobel, and Sygnum Bank, launched an industry initiative to combine advancements in AI, oracles, and blockchains to solve a long-standing problem in corporate actions—the lack of real-time standardized data in fragmented markets like Europe. This initiative is a significant industry milestone that successfully demonstrates how AI, oracles, and blockchains can be combined to convert unstructured, human-readable financial data into structured, machine-readable, easily distributable data.

“The complexity of corporate actions is a relevant and appropriate use case for the convergence of AI, oracles, and blockchain technology. By leveraging AI and Chainlink oracles to interpret, standardize, and deliver high-value unstructured data, we can dramatically reduce the manual processes required, enabling significant potential operational efficiency and cost reduction while ensuring that data flows through the system with the required levels of accuracy and transparency.”—Mark Garabedian, Director, Digital Assets & Tokenization Strategy, Wellington Management

The initiative achieved a significant architecture milestone in the journey to improve the management and dissemination of corporate actions data. With the next upcoming phase of the initiative, we aim to integrate established ISO standards, along with Swift messaging and connectivity.
Participants in the industry initiative included Chainlink, Euroclear, Swift, UBS, Franklin Templeton, Wellington Management, CACEIS, Vontobel, and Sygnum Bank.

Links to the full report and Sibos panel featuring Swift, Euroclear, and Chainlink.

BX Digital and BX Swiss, Part of Boerse Stuttgart Group, Partner With Chainlink To Bring Pricing Data Onchain

BX Digital and BX Swiss partnered with Chainlink to bring critical pricing data for Swiss-based equities onchain. BX Digital is a sister company of the Swiss exchange BX Swiss—both are part of Boerse Stuttgart Group, one of the largest exchange groups in Europe. By leveraging the Chainlink standard, BX Digital ensures securities market data price is accurately reported onchain in a manner that is decentralized, verifiable, and secure. This will allow both issuers and investors to rely on the accuracy and integrity of the data, increasing the efficiency and security of digital asset trading.

“We believe that the Chainlink standard for verifiable data plays a crucial role in accelerating both the pace and security of asset tokenization, secondary market trading, and settlement.”—Andreas Ruflin, Chief Digital Officer at BX Digital

BX Digital and BX Swiss have partnered with Chainlink.

Link to the announcement.

MONETARY AUTHORITIES AND CENTRAL BANKS

Banco Central do Brasil: Brazil’s Central Bank Is Using Chainlink To Build a CBDC Project for Trade Finance Alongside Microsoft

The Central Bank of Brazil (BCB) selected Banco Inter alongside Chainlink, Microsoft Brazil, and 7COMm to build a trade finance solution for the second phase of Brazil’s Drex CBDC project. It leverages the Chainlink standard and blockchain technology to automate supply chain management and improve trade finance processes.

“Banco Inter sees Phase 2 of the DREX CBDC project as an exciting moment for Brazil. We see collaborating in this project with technology leaders like Microsoft and Chainlink Labs as a transformative opportunity to expand market reach and improve the health of the Brazilian market.”—Bruno Grossi, Head of Emerging Technologies, at Banco Inter

Overview of the Chainlink-powered CBDC project with the Central Bank of Brazil.

 Link to the announcement.

SBI Digital Markets, UBS Asset Management, and Chainlink: Enabling Next Generation Tokenized Funds

As part of the Monetary Authority of Singapore (MAS) Project Guardian, SBI Digital Markets, UBS Asset Management, and Chainlink successfully demonstrated how the combination of Chainlink and a Digital Transfer Agent (DTA) smart contract enables the creation of tokenized funds with automated fund management operations and transfer agency processes. The solution enables tokenized funds to maintain their share register on one blockchain while using Chainlink CCIP for the processing of intensive fund lifecycle activities like subscriptions and redemptions on another blockchain.

“This architecture creates a foundation for our own onchain financial products and services to meet immediate user demand for tokenization and tokenized funds in particular. This new way of launching fund structures and administering them via smart contracts empowers both fund managers and their service providers to deliver new onchain financial products and lower operational costs to investors, both things they are actively looking for.”—Winston Quek CEO at SBI Digital Markets

Chainlink infrastructure is helping automate fund management operations and transfer agency processes.

Links to the announcement and Singapore FinTech Festival panel (slides).

ANZ, ADDX, and Chainlink Introduce Privacy-Enabled Cross-Chain, Cross-Border Connectivity for Tokenized Commercial Paper

Under the Monetary Authority of Singapore (MAS) Project Guardian, ANZ, ADDX, and Chainlink collaborated on a use case supporting the entire lifecycle of tokenized commercial paper. The use case leverages ADDX’s investment platform, ANZ’s Digital Asset Services, and CCIP Private Transactions—a privacy-preserving capability powered by the Chainlink Blockchain Privacy Manager—to expand access to tokenized assets across borders while helping users meet confidentiality requirements.

“This use case is a continuation of our work to explore and enhance the interoperability of digital assets. While we see significant potential for blockchain technologies to streamline the entire asset lifecycle, transaction confidentiality, and meeting compliance obligations remain paramount. We look forward to exploring the privacy-preserving capabilities of Chainlink CCIP to support our customers with end-to-end private transactions.”—Richard Schroder, Head of Digital Asset Services at ANZ

ANZ, ADDX, and Chainlink introduce privacy-enabled cross-chain, cross-border connectivity for tokenized commercial paper.

Link to the announcement.

ASSET MANAGERS

Sygnum and Fidelity International Partner With Chainlink To Provide Fund NAV Data Onchain

Chainlink, Fidelity International, and Sygnum collaborated to bring Net Asset Value (NAV) data onchain to enable the tokenization of Fidelity International’s $6.9 billion Institutional Liquidity Fund on the zkSync public blockchain. With Chainlink, NAV data is accurately reported and synchronized onchain in an automated and secure manner, providing real-time transparency and built-in access to historical data for Sygnum, its clients, and broader market participants.

Bringing NAV data onchain unlocks fund tokenization.

Link to the announcement.

INSTITUTIONAL BANKS

Bancolombia Group’s Wenia Taps Chainlink To Increase Transparency of Its Stablecoin

Wenia—the digital asset company from the Bancolombia Group, one of the largest financial conglomerates in Latin America—is using Chainlink Proof of Reserve (PoR) to bring end-to-end transparency to the Colombian Peso reserves backing its COPW stablecoin. PoR is integrated directly into the stablecoin’s minting function, helping to protect users against the risk of infinite mint attacks where additional COPW is issued without sufficient available reserves.

 

Overview of how Chainlink Proof of Reserve is integrated into the COPW’s minting function.

Link to the announcement.

ANZ Bank: Cross-Chain Settlement of Tokenized Assets Using CCIP

ANZ Bank demonstrated an advanced Delivery vs Payment use case leveraging Chainlink CCIP and multiple blockchains. ANZ issued two stablecoins, A$DC and NZ$DC, backed by the Australian dollar and the New Zealand dollar. Using CCIP, ANZ was able to demonstrate a cross-border, cross-currency, and cross-chain purchase of a tokenized asset using ANZ stablecoins.

CCIP enables the settlement of real-world assets cross-chain.

Links to the case study and ANZ Bank discussing the solution at SmartCon 2023.

Emirates NBD: The ~$260B AUM Banking Group in the MENAT Region Welcomes Chainlink to Digital Asset Lab

Following the signing of a Memorandum of Understanding at Abu Dhabi Finance Week, Emirates NBD welcomed Chainlink as a new council member alongside other founding members including PwC, Fireblocks, R3, and Chainalysis. The Digital Asset Lab was launched in May 2023 at the Dubai FinTech Summit, to accelerate digital asset and financial services innovation in the UAE. Chainlink’s membership will play a key role in advancing the Digital Asset Lab’s mission to create innovative solutions in digital finance. 

“We are proud to partner with Chainlink and welcome them to Emirates NBD’s Digital Asset Lab as a council member. As a key platform for our innovation strategy, the Digital Asset Lab enables us to pioneer next-generation solutions for our customers. With Chainlink Labs’ expertise in onchain finance, we are confident this partnership will drive new advancements in tokenisation and digital asset management, reinforcing Emirates NBD’s position as a regional leader in financial innovation.”—Miguel Rio Tinto, Group Chief Digital and Information Officer at Emirates NBD

Chainlink welcomed to Digital Asset Lab Council.

Link to the announcement.

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