UBS
UBS and Ant International will pilot tokenized bank deposits in Singapore to enable instant cross-border payments and sharper liquidity management as part of one of the city‑state’s largest blockchain projects. The trial targets longstanding treasury bottlenecks by testing tokenized cash for corporate and institutional use.
Chainlink (LINK) keeps failing to clear the $17–$17.5 band even as UBS launches its first tokenized fund that relies on Chainlink oracles. The institutional use case could boost long-term demand while near-term price action remains capped by strong resistance.
UBS and Chainlink have showcased a groundbreaking solution enabling financial institutions to use Swift messages for seamless on-chain token transfers, enhancing efficiency and compliance.