DigiFT, a licensed exchange for institutional-grade tokenized assets, has partnered with Chainlink, the leading decentralized oracle network, and UBS Tokenize, UBS’s in-house tokenization service, to develop a blockchain-based platform for managing tokenized funds.
The system is designed to automate critical fund operations—including subscriptions, redemptions, and lifecycle management—through smart contracts. By reducing manual intervention, the solution aims to minimize errors while delivering substantial cost efficiencies across the $132 trillion global asset management industry.
Under the proposed workflow, investors will place orders for UBS’s tokenized products via DigiFT’s regulated smart contracts. These orders are then processed through Chainlink’s Digital Transfer Agent (DTA) framework, which automatically triggers the issuance, redemption, or other fund management actions on UBS’s tokenized fund contracts. All transactions are recorded securely on-chain.
The DTA framework offers interoperability by connecting across multiple blockchains, not just UBS’s. DigiFT is playing a key role in validating the infrastructure, ensuring compliance, and providing commercial insights to support scalability and integration within Hong Kong’s financial ecosystem.
This initiative falls under Hong Kong’s Cyberport Blockchain & Digital Asset Pilot Subsidy Scheme, which promotes the adoption of blockchain and Web3 technologies. Through the program, eligible projects can receive subsidies covering up to 80% of development costs, capped at HK$500,000 per project, with funding released in two phases.
“Hong Kong is rapidly emerging as a leading center for regulated digital assets, and our project’s selection under the Blockchain & Digital Asset Pilot Subsidy Scheme reflects DigiFT’s commitment to building long-term infrastructure in the city,” said Kevin Loo, Hong Kong CEO of DigiFT.
Beyond its collaboration with DigiFT and UBS, Chainlink is solidifying its role as a core infrastructure provider for automating fund operations and delivering secure, verifiable on-chain data.
Earlier this year, Libre Capital integrated Chainlink’s standards—such as the Cross-Chain Interoperability Protocol (CCIP) and Proof of Reserve—to tokenize funds offering exposure to assets managed by BlackRock and Laser Digital.
Chainlink’s Digital Transfer Agent (DTA) framework has also been leveraged in other major institutional initiatives. For example, Fidelity International partnered with Sygnum to use the framework in bringing NAV data on-chain for its $6.9 billion Institutional Liquidity Fund, deployed on the zkSync blockchain.
