Quick overview

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Chainlink revealed one of the initial products that will enable banks to initiate on-chain transactions with their infrastructure in a pilot project with UBS Asset Management and Swift, the global financial messaging network and blockchain oracle provider.

A statement released on Tuesday said that Chainlink had integrated Swift messaging with its execution layer, the Chainlink Runtime Environment (CRE). This allows banks to connect to blockchains using SWIFT rails.

The integration builds on Project Guardian, a 2024 pilot conducted by UBS Tokenize, UBS Asset Management’s internal tokenization division, Chainlink, and the Monetary Authority of Singapore (MAS). The pilot showed how existing fiat payment systems could be integrated with tokenized fund workflows. The businesses conducted fund subscriptions and redemptions on-chain using Swift’s ISO 20022 messages.

Transfer agents, fund administrators, custodians, and others participate in these procedures in traditional finance.
Bullish sentiment is strong in the community (e. g., G. Low exchange reserves, which are multi-year lows at about 144M LINK, indicate less selling pressure and a potential supply squeeze, according to CoinGecko’s user vote (which is 78 percent bullish).

Technical Analysis LINK shows a multi-year symmetrical triangle On the weekly chart, with rising support from the 2022 lows (around $18) holding steady.

Failing to stay above $ 20. 20- $ 20. 20.50 risks the market falling to $16–$18 (key Fibonacci retracement), while breaking above $25 could target $44 (cup- and- handle pattern projection, + 100 percent from current levels).