Chainlink Token Gains on UBS–DigiFT Fund Tokenization Initiative in Hong Kong
Version 1 – Professional Market Wrap
Chainlink’s LINK Advances as UBS, DigiFT Pilot Tokenized Funds in Hong Kong
Chainlink, DigiFT, and UBS have received approval under Hong Kong’s Cyberport Blockchain and Digital Asset Pilot Subsidy Scheme to build automated infrastructure for tokenized financial products.
Following the announcement, Chainlink’s LINK gained 2.5% to surpass $24. The pilot aims to digitize the lifecycle of tokenized funds—covering distribution, settlement, and management—by shifting manual processes into smart contracts to cut costs and reduce errors.
Under the framework, investors will place orders for UBS’s tokenized offerings through DigiFT’s regulated smart contracts. Chainlink’s Digital Transfer Agent framework will then process and record these transactions onchain, triggering issuance or redemption automatically.
Separately, Chainlink expanded its enterprise tools this week by rolling out its Cross-Chain Interoperability Protocol (CCIP) on the Aptos blockchain.
From a technical perspective, LINK has recovered more than 20% since mid-August, with support forming around $23.60. The token also outperformed the CoinDesk 20 index, which rose 1.5% during the same period.
Version 2 – Innovation & Adoption Lens
UBS, DigiFT, Chainlink Secure Hong Kong Nod for Tokenized Fund Automation
A partnership between UBS, DigiFT, and Chainlink has won regulatory approval in Hong Kong to pilot automated infrastructure for tokenized investment products.
The initiative, backed by the Cyberport Blockchain and Digital Asset Pilot Subsidy Scheme, will use smart contracts to streamline fund settlement and administration, replacing legacy manual processes with onchain automation.
Investors will access UBS tokenized funds via DigiFT’s regulated contracts, while Chainlink’s Digital Transfer Agent framework ensures seamless recording, issuance, and redemption.
The news lifted LINK 2.5% to above $24, extending a recovery trend that began in mid-August. Analysts highlight volume-based support near $23.60 as a key technical level.
In a separate development, Chainlink deployed its CCIP interoperability protocol on the Aptos blockchain, broadening cross-chain solutions for both DeFi and enterprise use cases.
Version 3 – Concise Newswire Style
- Partnership: DigiFT, UBS, and Chainlink approved under Hong Kong’s Cyberport scheme to build tokenized fund infrastructure.
- Process: UBS tokenized products distributed via DigiFT contracts, with Chainlink’s Digital Transfer Agent managing transactions and lifecycle events onchain.
- Market reaction: LINK rose 2.5% to over $24; strong support seen near $23.60.
- Broader move: Chainlink also launched CCIP on Aptos, expanding enterprise interoperability solutions.
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