Chainlink, UBS, and DigiFT Collaborate to Automate Tokenized Fund Operations
- The collaboration was announced on Sept. 11, focusing on automating investment fund creation under Hong Kong’s Cyberport program.
- The initiative aims to reduce errors and costs in the $132 trillion global asset management sector through blockchain automation.
- UBS will provide its UBS Tokenize platform while Chainlink contributes its Digital Transfer Agent for transaction validation.
- DigiFT will offer a regulated distribution channel, enhancing compliance within Hong Kong’s financial system.
- Smart contracts will facilitate automatic order placements and withdrawals for investors in tokenized funds.
This partnership highlights a significant step towards integrating blockchain technology into traditional finance, potentially transforming capital markets by automating fund lifecycle management.
If successful, this collaboration could accelerate the adoption of tokenized financial products, showcasing how blockchain can streamline operations across the asset management industry. (Source)
