TechFlame News – According to a Chainlink announcement, Swift, in collaboration with Chainlink and UBS Asset Management, has completed critical interoperability tests with BNP Paribas, Intesa Sanpaolo, and Société Générale, enabling seamless settlement of tokenized assets between traditional payment systems and blockchain platforms. The pilot covered DvP settlement, interest payments, and redemption processes, marking a significant step forward for Swift in unifying on-chain and off-chain financial systems. The initiative focuses on key processes such as DvP settlement, interest payments, and redemption of tokenized bonds, involving roles like paying agents, custodians, and registrars. This project builds on an earlier pilot conducted by Swift and Chainlink under the Monetary Authority of Singapore’s (MAS) “Project Guardian,” demonstrating how financial institutions can leverage existing Swift infrastructure to facilitate off-chain cash settlement for tokenized funds.