DigiFT has unveiled a significant collaboration with Chainlink and UBS Tokenize, spearheading an initiative to develop automated infrastructure for tokenized funds under Hong Kong’s Cyberport Blockchain & Digital Asset Pilot Subsidy Scheme. This innovative project aims to transcend merely issuing digital assets on-chain by establishing a regulated framework that automates processes related to subscription, redemption, settlement, and lifecycle management of tokenized products.
The newly proposed system will utilize DigiFT’s licensed exchange infrastructure in combination with tokenized product contracts from UBS, along with Chainlink’s Digital Transfer Agent (DTA) smart contracts. This integration is designed to optimize the distribution of funds while significantly minimizing manual errors and associated costs.
In practical terms, investors will initiate their subscription or redemption requests through DigiFT’s regulated distributor smart contracts, which will then be processed via Chainlink’s DTA. These requests will be recorded on-chain, triggering the appropriate issuance or redemption of UBS’s tokenized products, all adhering to CMTA Token standards.
Henry Zhang, the Founder and Group CEO of DigiFT, characterized the project as a pivotal advancement towards achieving a “truly open economy where financial products can interoperate seamlessly across borders and platforms.” Fernando Vazquez, President of Capital Markets at Chainlink Labs, echoed this sentiment, stating that the partnership marks a significant milestone in automating fund issuance and lifecycle management in a manner that is secure, transparent, and compliant.
This initiative further underscores DigiFT’s status as a dual-licensed exchange for tokenized real-world assets (RWAs) in both Singapore and Hong Kong. Kevin Loo, DigiFT’s CEO in Hong Kong, emphasized that this development enhances the city’s reputation as a global hub for regulated tokenized finance.
By integrating Chainlink’s interoperability framework, DigiFT and UBS are strategically positioning themselves to facilitate scalable cross-chain adoption of tokenized funds. This initiative is poised to assist financial institutions in Hong Kong and beyond in embracing digital assets while upholding institutional-grade security and compliance standards.
