Chainlink & UBS Aim to Revolutionize $132 Trillion Fund Market with Tokenization

A new pilot program in Hong Kong is taking steps to automate the management of trillions of dollars in investment funds, potentially shaking up the industry. This initiative, led by Chainlink Labs, UBS Asset Management, and DigiFT, aims to transform the way financial instruments are issued, redeemed, and managed. By utilizing blockchain technology and smart contracts, the project eliminates manual processes and reduces errors, while increasing transparency and regulatory compliance within the $132 trillion global asset management sector.