PANews reported on September 30th that according to CoinDesk, Chainlink has launched a CRE-based technical process that allows banks to interact with on-chain "tokenized funds" through Swift (ISO 20022) and complete fund subscriptions and redemptions in a pilot with UBS. The process is triggered by UBS's existing system. After receiving the Swift message, CRE executes the on-chain instructions on the Chainlink Digital Transfer Agent. This move aims to provide blockchain access to the global fund industry, which is worth more than $100 trillion, and continues Singapore's "Project Guardian" cross-chain interoperability exploration. Chainlink has also previously conducted a corporate action data standardization pilot with 24 global banks, DTCC, and Euroclear.