Chainlink, UBS, and DigiFT have formed a landmark partnership to launch automated, on-chain tokenized fund operations under Hong Kong’s Cyberport Blockchain & Digital Asset Pilot Scheme.
The Cyberport-backed initiative positions Hong Kong as a rising digital asset hub, combining strict financial compliance with blockchain efficiency. DigiFT’s SFC license ensures regulatory standards, while Chainlink’s oracle services and Digital Transfer Agent (DTA) framework power the automation.
How the Chainlink-Led Partnership Will Work
Investors can submit subscription, buy, sell, or redemption orders for UBS’s tokenized products through DigiFT’s regulated distributor smart contracts. Chainlink-powered DTA smart contracts process these orders and execute trades, recording each step on-chain. They also automatically trigger the corresponding lifecycle activities.
The activities include issuing, redeeming, or updating fund positions within UBS’s tokenized product smart contracts. They are built on the Capital Markets Technology Association (CMTA) Token Standard. This automation sharply reduces manual errors, accelerates settlement, and ensures transparent, real-time recordkeeping, a dream scenario for institutional asset management.
Chainlink’s DTA framework is blockchain agnostic, opening the door for scalability and multi-chain adoption. The infrastructure can extend beyond Hong Kong and support regulated digital asset operations globally.
What this Means for DeFi in Hong Kong
Hong Kong’s pilot subsidy scheme represents a governmental commitment to smart regulation. It also underscores the drive for operational efficiency, institutional standards, and global leadership in tokenized finance.
With LINK’s Chainlink, UBS, and DigiFT at the helm, the partnership sets a precedent for integrating decentralized infrastructure with traditional finance, shining a light on what the future of capital markets might look like: automated, transparent, interoperable, and compliant at scale.
As the pilot moves forward, its success could reshape how management, trading, and distribution of funds occur, not just in Asia, but across the global financial system.
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