In a significant move for digital finance, Chainlink, UBS, and DigiFT have jointly launched a pilot program in Hong Kong focused on tokenized fund automation. The initiative aims to test a cutting-edge blockchain infrastructure designed to streamline the distribution, settlement, and management processes for tokenized financial products. This collaboration underscores Hong Kong’s growing role as a hub for financial innovation and digital asset integration.
The pilot will leverage Chainlink’s decentralized oracle network to ensure secure and reliable data feeds, while UBS brings its expertise in traditional finance and asset management. DigiFT, a regulated exchange for on-chain real-world assets, will facilitate the tokenization and trading aspects. Together, the partners seek to demonstrate how blockchain technology can enhance efficiency, reduce operational costs, and improve transparency in fund management.
This project aligns with Hong Kong’s broader strategy to embrace digital assets and strengthen its financial ecosystem. By automating key functions, the pilot aims to set a new standard for the tokenization of investment products, potentially paving the way for broader adoption across Asia and beyond. The outcomes will be closely watched by regulators, financial institutions, and technology providers interested in the future of asset tokenization.
