Chainlink, UBS, and DigiFT Collaborate to Automate Tokenized Funds in Hong Kong

Chainlink Labs, UBS Asset Management, and DigiFT have joined forces to revolutionize the creation and management of investment funds through blockchain automation. Announced on September 11, the partnership leverages Hong Kong's Cyberport Blockchain & Digital Asset Pilot Subsidy Scheme, a government-backed initiative fostering Web3 innovation.

The project aims to replace manual fund operations with smart contract-driven processes, reducing errors and costs across the $132 trillion asset management sector. UBS will integrate its Tokenize platform, while chainlink contributes its Digital Transfer Agent for on-chain transaction validation. DigiFT, licensed in Singapore and Hong Kong, provides regulated infrastructure.

"Cyberport is at the heart of Hong Kong's digital transformation," said DigiFT founder Henry Zhang. The collaboration signals growing institutional adoption of blockchain solutions for traditional finance.