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UBS, Chainlink, Digift Team to automate tokenized funds in Hong Kong

UBS, Chainlink, Digift Team to automate tokenized funds in Hong Kong

TLDR:

  • UBS will administer tokenized products in Digift’s Exchange using the smart contracts of the Chainlink digital transfer agent.
  • The system automates the issuance, redemption and transfers, reducing errors and operational costs for fund managers.
  • Dual DIGIFT licenses in Singapore and Hong Kong support the regulated distribution of tokenized products in Asia.
  • Chainlink’s frame is Blockchain-Agnosticos, which allows tokenized funds to work in multiple networks.

Grand names in cryptographic and finance are joining strength to change how tokenized funds Work in Hong Kong. Chainlink, UBS and Digift are collaborating in a project to automate the life cycles of funds through blockchain technology.

The initiative is part of the Cyberport Blockchain asset pilot scheme and city digital assets, which supports innovation in regulated digital finances. Its objective is to reduce manual errors, reduce costs and simplify processes for investors and fund managers. The movement strengthens Hong Kong as a center for the development of tokenized assets.

Chainlink and UBS Partner in Tokenized Products Automation

According to Digift’s Official launchThe collaboration brings together UBS Tokenize, the regulated intelligent intelligent contract infrastructure and the framework of Chainlink digital transfer agents in a single system. This configuration automates the emission, redemption and transfer of tokenized products, which traditionally require manual steps.

Investors can make subscription or redemption orders directly through Digift’s smart contracts.

Chainlink frame Then processes these requests automatically and triggers updates on the contracts of tokenized products of UBS. This structure reduces administrative overload and guarantees the maintenance of transparent records in the chain.

The Hong Kong CEO of Digift, Kevin Loo, declared that combining the regulated infrastructure with blockchain technology admits global standards for the distribution of tokenized funds. The company recently obtained licenses from the Hong Kong Securities and Future Commission, which allows it to offer compliance with Distribution in the region.

The partners said the project is aligned with the Token standards of the Markets Capital Technology Association, ensuring compatibility with the best practices of the industry. They described this as a step towards scalable and safe funds that can expand worldwide.

Blockchain-Agnostic system designed for global use

Chainlink Labs said his digital transfer agent frame admits implementation in multiple blockchains. This flexibility means that the same process can be executed in different networks without losing compliance or functionality.

DIGIFT confirmed that testing the School and Security system, sharing commercial comments with partners to adjust the deployment. Henry Zhang, founder and CEO of the Digift Group, emphasized that Cyberport is essential for Hong Kong digital transformation efforts and that the project moves financial infrastructure Closer to complete automation.

Beyond this association, Chainlink continues to expand its integrations. Recent movements include the launch of its cross -type interoperability protocol in suitcases and market data supply in real time for more than 300 assets in Sei Red.

BSCNEWS first reported collaboration, underlining the growing impulse in the digital asset sector regulated by Hong Kong. With the assets of $ 5.9 billion UBS under the management and technological battery of Chainlink, the project entails an institutional weight that can generate greater adoption.



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