Citigroup and Fidelity are set to unveil a proof-of-concept for a digital forex swap during the Singapore Fintech Festival from November 6-8. This innovative project, developed under the Monetary Authority of Singapore's Project Guardian, aims to showcase real-time forex swaps. The initiative could help investors earn higher returns on foreign currency funds and make trading faster and easier. Additionally, Citigroup and Fidelity have proposed an $862 billion on-chain money-market fund featuring real-time FX swaps. This proof-of-concept highlights the potential for digital currency trading in money market funds, potentially transforming the forex trading landscape.
Chainlink Functions brings custom off-chain logic into the smart contract world, giving developers more flexibility in how dApps operate.
Chainlink CCIP 👀 https://t.co/XIFRZtX0XG
SBI Digital Markets and UBS Asset Management announced the success of a pilot demonstrating how #Chainlink CCIP can streamline tokenized fund operations across different blockchains and financial systems. https://t.co/2XbIkpWKjF