Notice the wording on the SWIFT's CEO quote:
"automate digital cash payments for on-chain transactions"
Why is he drawing a distinction between digital cash and on-chain transactions? Because he isn't talking about settlement via stablecoins.
He is talking about on-chain transactions combined with off-chain settlement directly into bank accounts using SWIFT.
That's exactly what Chainlink, SWIFT, and UBS built out here in this pilot:
You have an onchain digital transfer agent smart contract (DTA) to subscribe into and redeem out of a tokenized fund, but the cash leg of the transaction, for both buying into and exiting, are executed off-chain via SWIFT rails.
🚨IN @SWIFTCOMMUNITY CEO JAVIER PEREZ-TASSO LETTER TO SHAREHOLDERS HE STATES:
"In 2025, we are moving forward with live trials to support the securities industry to settle digital asset trades instantly, reduce FX settlement risk and also automate digital cash payments for on-chain transactions"
@CHAINLINK IS THE ONLY PURE WEB 3 COMPANY THAT SWIFT HAS DONE WORK WITH. LIVE TRIALS IS COMING THIS MONTH
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