PANews reported on January 15th that, according to a Chainlink announcement, Swift, in conjunction with Chainlink and UBS Asset Management, has completed a key interoperability test with BNP Paribas, Intesa Sanpaolo, and Société Générale , enabling seamless settlement of tokenized assets between traditional payment systems and blockchain platforms. This pilot program covers DvP settlement, interest payments, and redemption processes, marking substantial progress for Swift in unifying and coordinating on-chain and off-chain financial systems.
This initiative focuses on key processes such as DvP settlement, interest payments, and redemption of tokenized bonds, encompassing roles such as payment agents, custodians, and registrars. The project builds on a previous pilot project completed by Swift and Chainlink under the Monetary Authority of Singapore's (MAS) Guardian Program, demonstrating how financial institutions can leverage existing Swift infrastructure to facilitate off-chain cash settlement for tokenized funds.

ETHZilla CEO McAndrew Rudisill said the company’s strategy is to deploy Ether on the Ethereum network through layer-2 protocols and tokenizing real-world assets. Ether treasury company ETHZilla is looking to raise another $350 million through new convertible bonds, with funds marked for more Ether purchases and generating yield through investments in the ecosystem. ETHZilla chairman and CEO McAndrew Rudisill said on Monday that the company’s strategy is to deploy Ether (ETH) in “cash-flowing assets” on the Ethereum network through layer-2 protocols and tokenizing real-world assets. A growing number of digital asset companies are moving past simply holding crypto and looking to generate yields through active participation in the ecosystem, which crypto executives told Cointelegraph in August, could help spark a DeFi Summer 2.0.Read more

