UBS, Chainlink Launch Automated Tokenized Funds in Hong Kong

A pioneering partnership between UBS, Chainlink, and DigiFT has launched automated tokenized fund infrastructure in Hong Kong under a pilot program. This move aims to streamline operations for financial institutions by leveraging smart contracts and the power of blockchain technology. The initiative is backed by Hong Kong Cyberport and marks a significant step forward for the tokenization market, according to Chainlink’s price trend.