Version 1 – Market & Price Emphasis
LINK Rises as Chainlink, UBS, DigiFT Push Tokenized Fund Pilot in Hong Kong
Chainlink’s LINK advanced 2.5% to trade above $24 on Thursday after the company announced a collaboration with UBS and DigiFT to automate tokenized fund operations in Hong Kong.
The three firms secured approval under Hong Kong’s Cyberport Blockchain and Digital Asset Pilot Subsidy Scheme to build infrastructure that streamlines distribution, settlement, and management of tokenized funds. By replacing manual paperwork with smart contracts, the project aims to lower costs and standardize processes.
Under the system, investors will subscribe to UBS’s tokenized funds through DigiFT’s regulated distributor contracts, with Chainlink’s Digital Transfer Agent framework recording transactions onchain and triggering issuance or redemption.
LINK has gained more than 20% since mid-August, establishing strong support at $23.60, according to CoinDesk Research. The token has also outperformed the CoinDesk 20 index, which rose 1.5% over the same period.
Version 2 – Technology & Innovation Lens
UBS, DigiFT, Chainlink Win Hong Kong Approval for Tokenization Initiative
UBS, DigiFT, and Chainlink have received approval under Hong Kong’s Cyberport subsidy program to pilot automated systems for tokenized investment products.
The initiative will use smart contracts to automate subscription, settlement, and lifecycle management of tokenized funds, reducing delays and errors tied to traditional manual processes. Investors will access UBS’s tokenized offerings through DigiFT’s regulated distributor contracts, while Chainlink’s Digital Transfer Agent framework will record transactions onchain and manage issuance or redemption.
LINK rose 2.5% past $24 on the news, extending its upward trend since mid-August. Technical analysis shows volume-backed support near $23.60.
Separately, Chainlink announced the launch of its Cross-Chain Interoperability Protocol (CCIP) on the Aptos blockchain, strengthening enterprise-grade connectivity for decentralized finance and treasury management applications.
Version 3 – Concise Newswire Style
- Partnership: UBS, DigiFT, and Chainlink secure Cyberport approval in Hong Kong to develop tokenized fund infrastructure.
- How it works: UBS funds distributed via DigiFT contracts; Chainlink’s Digital Transfer Agent framework automates recording, issuance, and redemption onchain.
- Token impact: LINK +2.5% to above $24, supported by strong technical base at $23.60.
- Expansion: Chainlink also deploys CCIP on Aptos blockchain to extend interoperability tools.
