SBI Digital Markets, UBS Asset Management, and Chainlink Complete Pilot For Automated Fund Administration and Transfer Agency Using Smart Contracts

Building on the initial announcement by SBI Digital Markets, this first-of-its-kind initiative under the Monetary Authority of Singapore's (MAS) Project Guardian¹ shows how fund managers can efficiently scale their funds across any chain and any distributor.

SAN FRANCISCO, Nov. 18, 2024 /PRNewswire/ -- Today, SBI Digital Markets, UBS Asset Management, and Chainlink announced the successful completion of their implementation of a tokenized fund, showcasing how tokenization, smart contracts, and Chainlink infrastructure can automate the fund management process for traditional fund administrators and transfer agents, unlocking a fundamental shift in how the industry's $132T global assets under management can begin to operate using blockchains.

The adoption of tokenized funds by the world's largest asset managers has created a need for the fund administration industry to evolve into an onchain format. The new model launched during the Singapore FinTech Festival by UBS, SBIDM, and Chainlink shows how existing fund administration processes can be made applicable to tokenized funds, delivered across multiple chains. The key insight of this work has been that existing systems that are already widely in use for the fund administration process can ...

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