DigiFT, a licensed exchange for institutional-grade, tokenized real-world assets (“RWAs”), announced that its joint project with Chainlink, the industry-standard oracle platform, and UBS Tokenize, the in-house tokenization service of UBS, has been approved under the Cyberport Blockchain & Digital Asset Pilot Subsidy Scheme.

While tokenization aims to transform the US$132 trillion global asset management industry, simply issuing assets onchain doesn’t realize the full potential of blockchain technology. To fully take advantage of the speed, efficiency, and accessibility blockchains provide, DigiFT, Chainlink, and UBS are developing a regulated blockchain-based infrastructure designed to automate and streamline the distribution, settlement, and lifecycle management of tokenized products, reducing manual errors and unlocking significant cost savings.

In the project’s workflow, investors submit subscription/redemption orders for UBS’s tokenized products through DigiFT’s regulated distributor smart contracts, which are processed by Chainlink’s Digital Transfer Agent smart contracts and recorded onchain. They then trigger the corresponding issuance, redemption, and other lifecycle activities on the UBS tokenized product smart contracts, which follow the Capital Markets Technology Association (CMTA) Token standards.

“Cyberport is at the heart of Hong Kong’s digital transformation,” said Henry Zhang, Founder & Group CEO of DigiFT. “Through this project, we are combining institutional partners, regulated infrastructure, and blockchain technology to build the next chapter of tokenized fund distribution—one that moves us closer to a truly open economy where financial products can interoperate seamlessly across borders and platforms.”

“By integrating DigiFT’s regulated smart contracts and UBS’s tokenized product smart contracts with Chainlink’s Digital Transfer Agent framework, we’re enabling a transformative new model for institutional fund distribution,” said Fernando Vazquez President, Capital Markets at Chainlink Labs. “This project is a major milestone for automating fund issuance and lifecycle management and the requirements needed for secure, transparent, and compliant use of smart contract workflows in a Hong Kong context, paving the way for the next generation of capital markets.”

The approval of this proposal underscores DigiFT’s unique position as a dual-licensed exchange for tokenized RWAs in Singapore and Hong Kong—two of Asia’s most sophisticated regulatory jurisdictions. Building on DigiFT’s recent licensing by the Hong Kong SFC, DigiFT and Chainlink are expanding their footprint in Hong Kong.

“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. “By working alongside UBS and Chainlink, we are creating solutions that not only meet institutional standards but also strengthen Hong Kong’s position as a global hub for tokenized finance.”

Chainlink’s Digital Transfer Agent (DTA) framework unlocks connectivity across any blockchain, laying the foundation for widespread adoption of tokenized products regulated in Hong Kong and scalable globally. As part of the project, DigiFT is validating the infrastructure and providing commercial feedback to ensure the system meets the compliance, scalability, and interoperability requirements of Hong Kong’s financial institutions.

Source: DigiFT