Chainlink powers three use cases under MAS’s Project Guardian — Swift/UBS, SBI Digital Markets, ADDX/ANZ
EV-058 · Monetary Authority of Singapore — Project Guardian · 2024-11-06 · Evidence class: pilot · Confidence 96%
In plain English
In plain terms: Singapore’s financial regulator runs a programme where big institutions test tokenized finance together. Chainlink software is used in three of those tests — including one where ANZ moved tokenized commercial paper across different blockchains privately, which is what banks need before they will use public networks.
Detail
Evidence class: PILOT. Under the Monetary Authority of Singapore’s (MAS) Project Guardian — a collaboration between policymakers and major financial institutions on asset tokenization — Chainlink infrastructure powers three documented use cases: • Swift + UBS Asset Management: a pilot settling tokenized fund subscriptions and redemptions using Swift’s network reaching more than 11,500 institutions in over 200 countries, with Chainlink orchestrating off-chain cash settlement. • SBI Digital Markets: streamlining end-to-end tokenized fund operations. • ADDX + ANZ: full asset-lifecycle management of tokenized commercial paper for cross-border transactions — with ANZ becoming the first major institution to pilot CCIP Private Transactions for cross-chain settlement of tokenized real-world assets.
Why it matters
Singapore’s central bank and financial regulator convened the framework in which Swift, UBS, ANZ, SBI, and ADDX chose Chainlink as the connecting infrastructure for tokenized funds and commercial paper — including the first institutional pilot of CCIP Private Transactions. Evidence class is pilot, under an MAS-led framework rather than an MAS deployment.
Primary source: ADDX official press release (Nov 6, 2024) + Swift/UBS pilot publications
Verified — ADDX primary release + Fintech Singapore reporting
Topics: Central Banks, Singapore, MAS, Project Guardian, Swift, UBS, ANZ, ADDX, CCIP, Tokenisation
