Chainlink and Swift allow banks to access blockchain through existing systems

  • Chainlink and Swift enable tokenized fund workflows via existing banking systems.
  • UBS pilots new Chainlink-Swift system, avoiding costly infrastructure upgrades.
  • Global institutions can connect with crypto using their tested rails.

Chainlink and Swift have deepened their collaboration with a new system designed to help financial institutions manage tokenized fund processes using existing infrastructure.

The initiative integrates Swift’s global messaging network with the Chainlink Runtime Environment (CRE), enabling subscription and redemption workflows for tokenized assets without requiring firms to overhaul their legacy systems.

The first pilot involved UBS Tokenize, the tokenization unit of Swiss bank UBS, and builds on earlier work with the Monetary Authority of Singapore’s Project Guardian initiative.

The collaboration aims to demonstrate how blockchain technology can be applied to streamline traditional financial processes, opening the door for broader adoption of tokenized assets.

Plug-and-play infrastructure for tokenization

The new solution leverages Swift’s ISO 20022-compliant messaging standards alongside Chainlink’s CRE and its Digital Transfer Agent (DTA) technical standard.

Institutions can trigger smart contract events directly through Swift messages, reducing the need for entirely new identity or key management solutions.

Commenting on the milestone, Chainlink co-founder Sergey Nazarov said:

I’m very excited about this landmark innovation we’ve achieved by leveraging Swift’s standards and UBS’s tokenized asset design, as we are showing how the use of smart contracts and new technical standards can enable transfer agents and other entities to manage tokenized asset workflows on-chain.

Markets have responded with optimism as they watch a potential financial revolution unfolding in real-time.

The UBS trial has confirmed that institutions like banks can integrate cryptocurrencies into their existing operations without the need for painful learning curves, new platform launches, or major changes.

Nonetheless, today’s developments come after months of work.

In 2024, UBS, Chainlink, and Swift explored how tokenized funds could operate in Singapore’s Project Guardian.

The latest experiment takes everything to a new level, demonstrating blockchain’s compatibility with already-existing systems.

Chainlink highlighted:

With Swift messages and the Chainlink Runtime Environment (CRE), banks and institutions can seamlessly access blockchains through the same Swift infrastructure they have relied upon for decades.

The broader picture

Blockchain integration into traditional finance (TradiFi) has often felt like connecting two incompatible worlds.

Chainlink and Swift’s innovative model aims to change that narrative.

Rather than asking banks to go all-in on a new technology, they can tap into cryptocurrency using familiar systems – Swift’s messaging.

It is a simple move but with profound effects.

If successful, the approach could herald a new era, with blockchain part of day-to-day undertakings in global finance.

For institutions looking to leverage blockchain’s robustness, the new system means more opportunities and reduced risks.

LINK price outlook

Chainlink’s token remained relatively calm amid the news, up 1% on its daily chart to $21.

However, the 35% uptick in 24-hour trading volume signals renewed activity.

It has consolidated in the past week and looks poised to lead October breakouts.

Popular analyst Ali highlighted $20 launchpad for LINK rebound to $47.

That would mean a roughly 124% surge from LINK’s market price.

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Ethereum price forecast: ETH holds $4,100 as altcoins brace for major move

  • Ethereum signals strength as BitMine accelerates ETH treasury strategy.
  • The ETH price bounced from lows of $3,800 last week and is holding above $4,100.
  • Bitmine’s buying leads the corporate world’s interest in Ethereum, and tailwinds such as spot exchange-traded funds approval could catalyse gains to above $5,000.

While cryptocurrency markets continue to witness price turmoil, Ethereum has held above the key level of $4,000, with ETH likely to explode as investors reignite altcoin season talk.

The latest developments in the broader crypto market, as well as increased stashing of Ether by crypto treasury companies, have analysts taking an overall bullish outlook on the ETH price.

Ethereum holds $4,100 amid fresh Bitmine buy

Ethereum dropped to lows of $3,800 on September 25, 2025, but has since climbed back above the psychological $4,000 level.

Bulls even retested the supply wall area around $4,230, and have looked to hold above the $4,100 mark as altcoins show signs of fresh recovery.

Notably, Ethereum’s gains have aligned with a significant acquisition by Bitmine Immersion Technologies, the company that’s grown into the biggest ETH treasury holder among publicly-traded companies.

On September 29, Bitmine announced its ETH holdings exceeded 2.65 million tokens, valued at over $10 billion.

This disclosure, part of a broader portfolio update, revealed that Bitmine’s total crypto and cash reserves currently stand at over $11.6 billion.

Bitmine’s aggressive ETH stashing has, in the past months, provided key price buoyancy for ETH, with bulls having faced downward pressure since the breakout to a new all-time high near $5,000 in August.

Macroeconomic headwinds have contributed to the profit-taking, but Bitmine’s substantial purchase has injected fresh upside momentum into the ecosystem.

The buy has not only helped anchor prices above the critical $4,000 support level, but has analysts pointing to a potential breakout as top altcoins eye accelerated upside momentum in the fourth quarter.

ETH price forecast as top altcoins eye ETF boost

While short-term dips remain possible if Bitcoin dominance rebounds, corporate confidence in ETH could catalyse a rebound toward $4,500.

If broader sentiment aligns with potential catalysts such as the approval of new spot exchange-traded funds by the US Securities and Exchange Commission, the Ethereum price could breach $5,000 and target the psychological magnet of $10,000.

Some market experts say this is possible, with regulatory tailwinds adding to the anticipated altcoin renaissance.

This bullish take is down to the SEC’s move to formalise its generic listing standards for commodity-based trust shares.

Not only does it allow exchanges like Nasdaq, NYSE Arca, and Cboe to get approval for spot crypto ETFs without exhaustive case-by-case reviews, but it also means a flurry of spot ETFs could hit the US market sooner than anticipated.

Crypto traders already welcomed the SEC’s direction that issuers of altcoin ETFs, including those for Solana, XRP, Litecoin, Cardano, and Dogecoin, withdraw pending 19b-4 filings.

Bloomberg senior ETF analyst Eric Balchunas summed up the outlook via a post on X:

Implications of this move are that altcoins rallying amid approval for crypto ETFs will likely have the ETH price leading the charge.

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