Chainlink, UBS, and DigiFT have announced a collaboration aimed at automating blockchain-based tokenized fund operations, part of Hong Kong's Cyberport program.
Automating Tokenized Funds
The firms aim to streamline the entire lifecycle of tokenized funds, from creation and distribution to reporting and settlement. By leveraging Chainlink's automation and oracle services, data from traditional financial systems can be securely transferred onto the blockchain.
Cyberport: Hong Kong's Fintech Hub
The project is part of Cyberport, a fintech innovation hub supported by the local government. This collaboration highlights Hong Kong's role as a leader in blockchain finance, aiming for a synergy between traditional financial services and decentralized technologies.
The Future of Real-World Asset Tokenization
With DigiFT operating as a MAS-regulated exchange, the partnership facilitates traditional financial players like UBS to safely experiment and scale real-world asset-based products, bridging gaps between conventional and decentralized finance.
The partnership between Chainlink, UBS, and DigiFT paves the way for integrating tokenized funds into the real sector, highlighting future opportunities at the intersection of traditional and decentralized finance.
