Chainlink, UBS Partner to Automate Tokenized Fund Lifecycle

A new initiative led by Chainlink, DigiFT, and UBS has secured approval from the Hong Kong Cyberport Blockchain and Digital Asset Pilot Subsidy Scheme. The project aims to modernize fund management within the $132 trillion asset industry. By automating the lifecycle of tokenized funds, the partnership addresses challenges with transitioning from on-chain issuance to full automated management. The use of DigiFT’s regulated smart contracts ensures compliance while Chainlink’s DTA framework provides secure and auditable processes for transactions within UBS’s tokenized offerings.