SBI Digital Markets and UBS Asset Management have successfully completed a pilot project using Chainlink's Cross-Chain Interoperability Protocol (CCIP) to streamline tokenized fund operations across different chains and financial systems.
The pilot, part of the MAS Project Guardian initiative, demonstrated the feasibility of using a digital transfer agent smart contract created by SBI Digital Markets to facilitate cross-chain communication with the tokenized fund contract.
This initiative aims to drive the commercial adoption of tokenized securities and enhance cross-border distribution frameworks. SBI bids to drive commercial applications of tokenized securities through Project Guardian.
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