Version 1 – Detailed Market Report
LINK Climbs as Chainlink, DigiFT, UBS Advance Tokenized Fund Pilot in Hong Kong
Chainlink, DigiFT, and UBS have secured approval from Hong Kong’s Cyberport Blockchain and Digital Asset Pilot Subsidy Scheme to build automated infrastructure for tokenized funds, according to a Thursday release.
LINK, Chainlink’s native token, gained 2.5% to trade above $24 after the announcement. The initiative will automate the distribution, settlement, and lifecycle management of tokenized products—areas still bogged down by manual paperwork and inefficiencies.
Under the pilot, investors will be able to purchase UBS tokenized funds through DigiFT’s regulated distributor smart contracts. Chainlink’s Digital Transfer Agent framework will process orders and record them onchain, automatically triggering issuance or redemption on UBS’s token contracts.
Chainlink also broadened its enterprise interoperability offerings this week, deploying its Cross-Chain Interoperability Protocol (CCIP) on the Aptos blockchain.
On the technical side, LINK has advanced more than 20% since mid-August, establishing support near $23.60. The token outperformed the CoinDesk 20 index, which rose 1.5% over the same period.
Version 2 – Innovation-Centric Framing
Hong Kong Approves UBS, DigiFT, Chainlink Collaboration on Tokenized Funds
A new collaboration between UBS, DigiFT, and Chainlink has received approval under Hong Kong’s Cyberport subsidy program to modernize how tokenized funds are managed.
The project aims to eliminate manual processes in settlement and fund administration by using smart contracts to automate issuance, redemption, and recordkeeping. Investors will access UBS tokenized products via DigiFT’s regulated contracts, while Chainlink’s Digital Transfer Agent will process transactions directly onchain.
Following the announcement, LINK rose 2.5% past $24. Technical models suggest a strong base has formed around $23.60, supported by increased trading volumes.
In parallel, Chainlink launched its Cross-Chain Interoperability Protocol (CCIP) on the Aptos blockchain, expanding connectivity solutions for both DeFi and corporate finance.
Version 3 – Streamlined Newswire Style
- Approval secured: DigiFT, UBS, and Chainlink gain backing under Hong Kong’s Cyberport scheme to automate tokenized fund infrastructure.
- Mechanics: UBS products distributed through DigiFT smart contracts; Chainlink’s Digital Transfer Agent framework records and triggers issuance/redemption.
- Token impact: LINK +2.5% to above $24; support forming at $23.60, outperforming CoinDesk 20’s +1.5%.
- Expansion: Chainlink also deploys CCIP on Aptos blockchain for broader enterprise-grade interoperability.
