Chainlink, UBS, DigiFT Unveil Hong Kong Pilot For Tokenized Fund

Chainlink, UBS, and DigiFT have partnered for a pilot study in Hong Kong to test tokenization of real-world funds on blockchain infrastructure. The project, part of Hong Kong’s Cyberport Blockchain & Digital Asset Pilot Subsidy Scheme, aims to automate fund distribution and lifecycle management while reducing manual errors.

Investors will submit subscription or redemption requests via DigiFT’s smart contracts, with Chainlink’s Digital Transfer Agent contracts verifying and recording them on-chain.

The workflow then triggers issuance and redemption events on UBS’s tokenized product contracts, aligned with Swiss-developed CMTA Token standards. If successful, the study could provide a regulated template for tokenizing assets in Hong Kong, bridging traditional finance and blockchain.

The collaboration combines UBS’s $5.9 trillion in asset management with Chainlink’s oracle infrastructure and DigiFT’s regulated exchange platform. Analysts believe such pilots are critical to scaling real-world asset tokenization in Asia, potentially enabling global investors to access tokenized funds through compliant and efficient systems.

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