Chainlink LINK Powers Hong Kong’s Tokenized Fund Revolution with DigiFT and UBS

Chainlink LINK News - DigiFT, a licensed exchange for institutional-grade tokenized assets, has partnered with chainlink and UBS Tokenize to develop a blockchain-based system for managing tokenized funds in Hong Kong. The collaboration aims to automate key fund operations—including subscriptions, redemptions, and lifecycle management—using smart contracts. UBS will provide the tokenized funds and smart contracts, while Chainlink's Digital Transfer Agent (DTA) framework will execute fund operations across multiple blockchains. DigiFT will collect investor orders through regulated smart contracts, ensuring compliance and security. This initiative is expected to reduce manual errors and generate significant cost savings in the $132 trillion global asset management industry. The DTA framework's cross-chain compatibility ensures seamless integration across various blockchain networks, enhancing scalability and interoperability for institutional investors.